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

Weyerhaeuser (NYSE:WY) – Investment analysts at Zacks Research lowered their Q2 2024 EPS estimates for Weyerhaeuser in a research note issued on Wednesday, April 24th. Zacks Research analyst S. Mukherjee now expects that the real estate investment trust will post earnings of $0.28 per share for the quarter, down from their previous forecast 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 released its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis.

Other analysts have also recently issued reports about the stock. BMO Capital Markets upped their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Truist Financial reiterated a “hold” rating and issued a $36.00 price target 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Stock Down 0.5 %

Shares of WY stock opened at $31.54 on Thursday. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The stock has a market cap of $23.01 billion, a P/E ratio of 27.43 and a beta of 1.43. 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 company has a 50 day simple moving average of $34.02 and a two-hundred day simple moving average of $32.72.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently modified their holdings of WY. Turtle Creek Wealth Advisors LLC bought a new position in Weyerhaeuser during the fourth quarter valued at $26,000. American National Bank lifted its position in Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Weyerhaeuser during the third quarter valued at $25,000. Raleigh Capital Management Inc. lifted its position in Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, 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 transaction, the senior vice president now directly 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 the SEC website. In related news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were 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 owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s 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 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. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 over the last three months. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.20 dividend. 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 dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 69.57%.

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.