Weyerhaeuser Expected to Earn Q2 2024 Earnings of $0.28 Per Share (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Research analysts at Zacks Research reduced their Q2 2024 EPS estimates for shares of Weyerhaeuser in a report issued on Wednesday, April 24th. Zacks Research analyst S. Mukherjee now forecasts that the real estate investment trust will post earnings of $0.28 per share for the quarter, down from their previous estimate of $0.30. The consensus estimate for Weyerhaeuser’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Weyerhaeuser’s Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.30 EPS, FY2025 earnings at $1.18 EPS, Q1 2026 earnings at $0.32 EPS and FY2026 earnings at $1.45 EPS.

WY has been the topic of several other research reports. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets lifted their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $31.54 on Thursday. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The firm has a fifty day moving average of $34.02 and a 200 day moving average of $32.72. The firm has a market cap of $23.01 billion, a PE ratio of 27.43 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. Weyerhaeuser’s payout ratio is presently 69.57%.

Insider Activity

In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC increased its stake in Weyerhaeuser by 17.6% during the first quarter. V Square Quantitative Management LLC now owns 19,378 shares of the real estate investment trust’s stock worth $696,000 after purchasing an additional 2,897 shares during the period. Simplicity Wealth LLC purchased a new stake in Weyerhaeuser during the first quarter worth about $488,000. First Pacific Financial increased its stake in Weyerhaeuser by 4.9% during the first quarter. First Pacific Financial now owns 20,933 shares of the real estate investment trust’s stock worth $752,000 after purchasing an additional 970 shares during the period. WASHINGTON TRUST Co increased its stake in Weyerhaeuser by 23.4% during the first quarter. WASHINGTON TRUST Co now owns 2,023 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 383 shares during the period. Finally, Rational Advisors LLC increased its stake in Weyerhaeuser by 72.0% during the first quarter. Rational Advisors LLC now owns 1,295 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 542 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

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.