Weyerhaeuser to Post Q2 2024 Earnings of $0.28 Per Share, Zacks Research Forecasts (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Zacks Research lowered their Q2 2024 earnings estimates for Weyerhaeuser in a note issued to investors on Wednesday, April 24th. Zacks Research analyst S. Mukherjee now forecasts that the real estate investment trust will post earnings per share of $0.28 for the quarter, down from their prior 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.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share.

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

Weyerhaeuser Stock Performance

Shares of WY opened at $31.05 on Thursday. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The firm has a market cap of $22.65 billion, a PE ratio of 27.00 and a beta of 1.43. The company’s 50 day simple moving average is $33.94 and its 200-day simple moving average is $32.71. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. 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%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s payout ratio is presently 69.57%.

Insiders Place Their Bets

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction 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 completion of the transaction, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. 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 Weyerhaeuser stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,699 shares of company stock worth $1,455,609. Corporate insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Weyerhaeuser by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock valued at $1,682,437,000 after purchasing an additional 888,621 shares during the last quarter. Wellington Management Group LLP raised its stake in Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after purchasing an additional 10,271,891 shares during the last quarter. Norges Bank acquired a new position in Weyerhaeuser in the 4th quarter valued at about $753,497,000. JPMorgan Chase & Co. raised its stake in Weyerhaeuser by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after purchasing an additional 58,688 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Weyerhaeuser by 4.7% in the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock valued at $363,129,000 after purchasing an additional 532,923 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.