Weyerhaeuser (NYSE:WY) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Weyerhaeuser (NYSE:WY) 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

Several brokerages have weighed in on WY. Royal Bank of Canada dropped their price objective on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Truist Financial lowered their target price on Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

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.