Weyerhaeuser (NYSE:WY – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.
Shares of WY stock traded down $0.75 on Tuesday, hitting $40.87. 3,538,932 shares of the stock traded hands, compared to its average volume of 4,349,614. The firm’s 50-day moving average price is $39.23 and its two-hundred day moving average price is $39.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.74 and a current ratio of 3.29. The stock has a market capitalization of $30.53 billion, a PE ratio of 11.78 and a beta of 1.66. Weyerhaeuser has a twelve month low of $32.65 and a twelve month high of $43.04.
Weyerhaeuser (NYSE:WY – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Weyerhaeuser had a net margin of 25.56% and a return on equity of 24.73%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities research analysts anticipate that Weyerhaeuser will post 2.63 EPS for the current fiscal year.
About Weyerhaeuser (Get Rating)
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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