What is Raymond James’ Estimate for TSE:WEF FY2024 Earnings?

Western Forest Products Inc. (TSE:WEF) – Equities researchers at Raymond James reduced their FY2024 earnings estimates for shares of Western Forest Products in a research report issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($0.17) per share for the year, down from their previous estimate of ($0.12). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share. Raymond James also issued estimates for Western Forest Products’ FY2025 earnings at ($0.13) EPS.

Western Forest Products (TSE:WEF) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.02. The company had revenue of C$309.50 million during the quarter, compared to analysts’ expectations of C$258.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%.

WEF has been the topic of a number of other research reports. CIBC dropped their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. TD Securities dropped their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada decreased their price target on shares of Western Forest Products from C$0.80 to C$0.70 in a report on Thursday, July 11th.

Western Forest Products Stock Up 5.1 %

WEF opened at C$0.52 on Thursday. The firm has a market cap of C$164.71 million, a P/E ratio of -3.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The business has a 50 day moving average price of C$0.48 and a 200 day moving average price of C$0.49. Western Forest Products has a twelve month low of C$0.41 and a twelve month high of C$0.81.

About Western Forest Products

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.