West Fraser Timber (NYSE:WFG – Get Free Report) issued its earnings results on Wednesday. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.87), Yahoo Finance reports. West Fraser Timber had a return on equity of 3.83% and a net margin of 2.23%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $1.81 earnings per share.
West Fraser Timber Trading Up 1.9 %
Shares of WFG stock traded up $1.83 on Friday, hitting $97.33. The stock had a trading volume of 293,765 shares, compared to its average volume of 160,060. The company’s 50 day moving average price is $92.90 and its 200-day moving average price is $84.40. West Fraser Timber has a 1 year low of $64.11 and a 1 year high of $102.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.33 and a quick ratio of 1.49. The firm has a market capitalization of $7.68 billion, a P/E ratio of -80.89 and a beta of 1.16.
West Fraser Timber Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were given a dividend of $0.237 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.95 annualized dividend and a dividend yield of 0.97%. West Fraser Timber’s dividend payout ratio is currently -77.69%.
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West Fraser Timber Company Profile
West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.
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