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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  West Fraser Timber Co. Ltd.    WFT   CA9528451052

WEST FRASER TIMBER CO. LTD.

(WFT)
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West Fraser Timber : swings to $350-million Q3 profit on higher lumber prices

10/26/2020 | 05:10pm EST

VANCOUVERWest Fraser Timber Co. Ltd. says it swung to a large profit in the third quarter on higher lumber prices.

The Vancouver-based forestry company says it earned $350 million or $5.09 per share for the three months ended Sept. 30, up from a loss of $45 million or 65 cents per share a year earlier.

Adjusted profits also surged, to $386 million or $5.63 per share, compared with a loss of $15 million or 22 cents per share in the third quarter of 2019.

Sales grew 42 per cent to $1.69 billion, from $1.19 billion in the prior year.

West Fraser was expected to post $4.59 per share in adjusted profits on $1.65 billion of revenues, according to financial data firm Refinitiv.

The company said its lumber segment generated $454 million of $487 million in operating earnings during the quarter.

This report by The Canadian Press was first published Oct. 26, 2020.

Companies in this story: (TSX:WFT)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 5 800 M 4 480 M 4 480 M
Net income 2020 681 M 526 M 526 M
Net Debt 2020 304 M 235 M 235 M
P/E ratio 2020 7,39x
Yield 2020 1,06%
Capitalization 5 186 M 4 008 M 4 006 M
EV / Sales 2020 0,95x
EV / Sales 2021 0,88x
Nbr of Employees 8 200
Free-Float 74,6%
Chart WEST FRASER TIMBER CO. LTD.
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West Fraser Timber Co. Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends WEST FRASER TIMBER CO. LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 81,35 CAD
Last Close Price 75,42 CAD
Spread / Highest target 26,0%
Spread / Average Target 7,86%
Spread / Lowest Target -25,7%
EPS Revisions
Managers
NameTitle
Raymond W. Ferris President, Chief Executive Officer & Director
Henry Holman Ketcham Executive Chairman
Christopher Andrew Virostek Chief Financial Officer & Vice President
Chuck Watkins Vice President-Capital & Technology
Robert Lawrence Phillips Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WEST FRASER TIMBER CO. LTD.31.83%4 008
LOUISIANA-PACIFIC CORPORATION15.30%3 740
UFP INDUSTRIES, INC.10.35%3 221
NORBORD INC.40.20%3 143
DURATEX S.A.10.94%2 453
STELLA-JONES INC.18.71%2 323