Scotiabank Has Positive Outlook of TSE:WEF FY2026 Earnings

Western Forest Products Inc. (TSE:WEF) – Equities research analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of Western Forest Products in a note issued to investors on Wednesday, July 15th. Scotiabank analyst B. Isaacson now expects that the company will earn ($2.99) per share for the year, up from their previous forecast of ($3.56). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share.

Western Forest Products (TSE:WEF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C($1.83) EPS for the quarter. Western Forest Products had a negative return on equity of 22.88% and a negative net margin of 12.23%.The firm had revenue of C$201.50 million during the quarter.

A number of other research firms also recently weighed in on WEF. Royal Bank Of Canada lifted their price target on shares of Western Forest Products from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 16th. TD increased their price objective on shares of Western Forest Products from C$17.00 to C$19.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$16.10.

Western Forest Products Stock Performance

WEF opened at C$17.26 on Monday. The stock’s 50 day simple moving average is C$16.74 and its 200-day simple moving average is C$15.06. The company has a current ratio of 2.63, a quick ratio of 0.73 and a debt-to-equity ratio of 15.10. The stock has a market cap of C$182.23 million, a PE ratio of -1.61, a P/E/G ratio of 0.32 and a beta of 0.22. Western Forest Products has a 1 year low of C$10.16 and a 1 year high of C$19.40.

Insider Activity at Western Forest Products

In other news, Director Elizabeth Kernaghan sold 1,800 shares of the stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of C$19.05, for a total value of C$34,290.00. Following the completion of the transaction, the director directly owned 1,889,000 shares of the company’s stock, valued at approximately C$35,985,450. This represents a 0.10% decrease in their position. Also, insider Kernwood Limited sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of C$19.05, for a total value of C$34,290.00. Following the transaction, the insider owned 1,889,000 shares of the company’s stock, valued at C$35,985,450. This trade represents a 0.10% decrease in their position. Over the last quarter, insiders sold 14,200 shares of company stock worth $270,980. Corporate insiders own 0.67% of the company’s stock.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.