Weyerhaeuser (WY) to Release Earnings on Thursday

Weyerhaeuser (NYSE:WY) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $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 Trading Down 0.0 %

Shares of Weyerhaeuser stock opened at $31.46 on Tuesday. The stock has a market capitalization of $22.95 billion, a P/E ratio of 27.36 and a beta of 1.43. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $34.07 and a 200 day simple moving average of $32.71. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser Increases Dividend

The firm 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 currently 69.57%.

Insiders Place Their Bets

In other news, SVP Keith O’rear sold 8,349 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction that occurred on 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 sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser 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 completion of 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 90 days, insiders sold 42,699 shares of company stock worth $1,455,609. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.