Scotiabank Has Bullish Outlook for TSE:WEF FY2026 Earnings

Western Forest Products Inc. (TSE:WEF) – Research analysts at Scotiabank boosted their FY2026 earnings estimates for shares of Western Forest Products in a research report issued on Wednesday, July 15th. Scotiabank analyst B. Isaacson now anticipates 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported C($1.83) earnings per share (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 for the quarter.

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

Western Forest Products Price Performance

Western Forest Products stock opened at C$17.85 on Monday. The company has a market capitalization of C$188.46 million, a price-to-earnings ratio of -1.67, a PEG ratio of 0.32 and a beta of 0.22. The company has a current ratio of 2.63, a quick ratio of 0.73 and a debt-to-equity ratio of 15.10. Western Forest Products has a 12 month low of C$10.16 and a 12 month high of C$19.40. The stock’s 50 day moving average is C$16.60 and its 200-day moving average is C$14.97.

Insider Activity

In other Western Forest Products news, Director Elizabeth Kernaghan sold 1,800 shares of Western Forest Products stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of C$19.05, for a total value of C$34,290.00. Following the completion of the sale, the director owned 1,889,000 shares in the company, valued at C$35,985,450. The trade was a 0.10% decrease in their position. Also, insider Kernwood Limited sold 1,800 shares of the business’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of C$19.05, for a total transaction of C$34,290.00. Following the completion of the sale, the insider directly owned 1,889,000 shares of the company’s stock, valued at C$35,985,450. This represents a 0.10% decrease in their position. Insiders sold a total of 14,200 shares of company stock valued at $270,980 in the last quarter. 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.