Western Forest Products (WFSTF) Projected to Post Quarterly Earnings on Wednesday

Western Forest Products (OTCMKTS:WFSTF) is projected to issue its results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.9292) per share and revenue of $134.4380 million for the quarter.

Western Forest Products Price Performance

Shares of OTCMKTS:WFSTF opened at $10.90 on Monday. The stock’s 50-day moving average price is $10.35 and its two-hundred day moving average price is $9.45. Western Forest Products has a 12-month low of $7.00 and a 12-month high of $12.68.

Analysts Set New Price Targets

WFSTF has been the topic of a number of research analyst reports. Scotiabank reissued a “sector perform” rating on shares of Western Forest Products in a research note on Monday, January 26th. TD Securities restated a “hold” rating on shares of Western Forest Products in a report on Thursday, February 12th. Finally, Raymond James Financial restated a “market perform” rating on shares of Western Forest Products in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Western Forest Products currently has a consensus rating of “Hold”.

About Western Forest Products

Western Forest Products is a Canadian integrated forest products company headquartered in Vancouver, British Columbia. The company specializes in the harvesting, manufacturing and distribution of lumber and other wood products, operating a network of sawmills, remanufacturing facilities and log sort yards on both the British Columbia coast and Vancouver Island. Western Forest manages a diversified fibre portfolio that supports core lumber production as well as specialty lines.

The company’s product suite includes dimensional lumber, engineered wood products such as laminated veneer lumber (LVL), and value-added remanufactured items including mouldings and custom profiles.