Weyerhaeuser (NYSE:WY – Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Briefing.com reports. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year.
Weyerhaeuser Price Performance
WY stock traded up $1.31 during mid-day trading on Friday, reaching $31.62. 4,898,165 shares of the company traded hands, compared to its average volume of 3,514,014. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The company has a market capitalization of $23.05 billion, a P/E ratio of 28.19 and a beta of 1.39. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a fifty day moving average price of $29.23 and a 200-day moving average price of $31.85.
Weyerhaeuser Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s payout ratio is presently 72.73%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Weyerhaeuser
Insider Transactions at Weyerhaeuser
In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the transaction, the director now owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by insiders.
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.
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