Weyerhaeuser (NYSE:WY) Forecasted to Earn Q1 2024 Earnings of $0.15 Per Share

Weyerhaeuser (NYSE:WY) – Analysts at Seaport Res Ptn decreased their Q1 2024 earnings per share (EPS) estimates for shares of Weyerhaeuser in a research report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now forecasts that the real estate investment trust will earn $0.15 per share for the quarter, down from their prior estimate of $0.21. The consensus estimate for Weyerhaeuser’s current full-year earnings is $1.03 per share. Seaport Res Ptn also issued estimates for Weyerhaeuser’s Q2 2024 earnings at $0.35 EPS and Q3 2024 earnings at $0.33 EPS.

WY has been the topic of a number of other research reports. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial reissued a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Finally, CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $31.52 on Wednesday. The business’s fifty day moving average price is $34.18 and its two-hundred day moving average price is $32.66. The stock has a market cap of $23.00 billion, a PE ratio of 27.41 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. Weyerhaeuser’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors 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 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 69.57%.

Insider Buying and Selling

In related news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC purchased a new position in Weyerhaeuser in the first quarter valued at about $36,000. 180 Wealth Advisors LLC raised its position in Weyerhaeuser by 8.2% in the first quarter. 180 Wealth Advisors LLC now owns 20,968 shares of the real estate investment trust’s stock valued at $753,000 after purchasing an additional 1,585 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Weyerhaeuser by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock valued at $2,199,000 after acquiring an additional 3,772 shares in the last quarter. S.A. Mason LLC grew its stake in shares of Weyerhaeuser by 19.3% during the first quarter. S.A. Mason LLC now owns 5,738 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 929 shares in the last quarter. Finally, Sarasin & Partners LLP grew its stake in shares of Weyerhaeuser by 2.0% during the first quarter. Sarasin & Partners LLP now owns 556,737 shares of the real estate investment trust’s stock valued at $19,992,000 after acquiring an additional 11,099 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.