Weyerhaeuser (WY) Scheduled to Post Earnings on Thursday

Weyerhaeuser (NYSE:WY) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Weyerhaeuser to post earnings of $0.19 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, analysts expect Weyerhaeuser to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $31.73 on Wednesday. The company’s fifty day simple moving average is $34.05 and its 200-day simple moving average is $32.72. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The firm has a market cap of $23.15 billion, a PE ratio of 27.59 and a beta of 1.43.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is currently 69.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Truist Financial restated a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. BMO Capital Markets raised their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Finally, StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.00.

Insider Activity

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.30% of the stock is owned by insiders.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.