Western Forest Products (TSE:WEF) Releases Earnings Results

Western Forest Products (TSE:WEF) released its earnings results on Thursday. The company reported C($0.44) earnings per share (EPS) for the quarter, FiscalAI reports. Western Forest Products had a negative return on equity of 17.78% and a negative net margin of 9.64%. The company had revenue of C$237.00 million for the quarter.

Western Forest Products Price Performance

Shares of TSE WEF opened at C$15.65 on Friday. The business’s 50 day moving average price is C$16.64 and its two-hundred day moving average price is C$16.05. The company has a market cap of C$165.23 million, a PE ratio of -1.96, a price-to-earnings-growth ratio of 0.32 and a beta of -0.32. The company has a quick ratio of 0.73, a current ratio of 2.44 and a debt-to-equity ratio of 12.63. Western Forest Products has a twelve month low of C$10.16 and a twelve month high of C$19.95.

Analyst Ratings Changes

WEF has been the topic of a number of analyst reports. Raymond James Financial upped their price objective on Western Forest Products from C$12.50 to C$20.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Royal Bank Of Canada increased their price objective on Western Forest Products from C$16.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Finally, TD decreased their target price on shares of Western Forest Products from C$20.00 to C$17.00 and set a “hold” rating for the company in a research note on Wednesday, October 14th. Five investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$17.80.

Western Forest Products Company Profile

Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity of 785 million board feet from five sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities.