Weyerhaeuser (NYSE:WY) Issues Earnings Results

Weyerhaeuser (NYSE:WY) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01, Briefing.com reports. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 6.98% and a net margin of 10.57%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $31.05 on Friday. The company has a market capitalization of $22.65 billion, a P/E ratio of 28.23 and a beta of 1.43. The company’s 50-day moving average is $33.94 and its 200 day moving average is $32.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser Increases Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insider Buying and Selling

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,699 shares of company stock worth $1,455,609. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

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

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.