Western Forest Products (WEF) Scheduled to Post Earnings on Wednesday

Western Forest Products (TSE:WEF) is set to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Western Forest Products to post earnings of C($0.03) per share for the quarter.

Western Forest Products (TSE:WEF) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. Western Forest Products had a negative net margin of 5.96% and a negative return on equity of 9.90%. The business had revenue of C$239.50 million for the quarter, compared to analyst estimates of C$231.00 million.

Western Forest Products Trading Down 2.4 %

Shares of Western Forest Products stock opened at C$0.41 on Tuesday. The business has a fifty day simple moving average of C$0.47 and a two-hundred day simple moving average of C$0.56. Western Forest Products has a 1 year low of C$0.41 and a 1 year high of C$1.06. The company has a market capitalization of C$129.87 million, a price-to-earnings ratio of -2.16, a P/E/G ratio of 0.32 and a beta of 1.94. The company has a debt-to-equity ratio of 17.90, a current ratio of 3.14 and a quick ratio of 0.73.

Wall Street Analysts Forecast Growth

WEF has been the subject of a number of research reports. TD Securities dropped their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Tuesday, July 23rd. Royal Bank of Canada dropped their target price on Western Forest Products from C$0.80 to C$0.70 in a report on Thursday, July 11th. Finally, CIBC dropped their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$0.65.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.