Weyerhaeuser (WY) to Release Earnings on Thursday

Weyerhaeuser (NYSE:WY) is scheduled to be posting its quarterly earnings results 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 registering for the company’s earnings conference call can do so using this link.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.77 billion for 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%. Weyerhaeuser’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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 Price Performance

Shares of WY opened at $31.73 on Wednesday. The company’s fifty day moving average price is $34.05 and its 200-day moving average price is $32.72. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The firm has a market capitalization of $23.15 billion, a PE ratio of 27.59 and a beta of 1.43.

Weyerhaeuser Increases Dividend

The firm also recently declared 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. 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 dividend on an annualized basis and a yield of 2.52%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, SVP Keith O’rear sold 8,349 shares of the firm’s 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 transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s 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 transaction, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were 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 owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,699 shares of company stock worth $1,455,609. Company insiders own 0.30% 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.