Western Forest Products Inc. (TSE:WEF – Free Report) – 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 – Get Free Report) 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%.
Check Out Our Latest Report on Western Forest Products
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.
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