Weyerhaeuser (WY) Set to Announce Quarterly Earnings on Thursday

Weyerhaeuser (NYSE:WY) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business earned $0.24 earnings per share. Weyerhaeuser’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect Weyerhaeuser to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Weyerhaeuser Price Performance

Shares of WY stock opened at $31.52 on Thursday. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The firm’s 50 day moving average is $34.18 and its 200-day moving average is $32.66. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 27.41 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.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 69.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. BMO Capital Markets increased their price objective 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 restated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. Finally, Truist Financial restated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Buying and Selling at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,699 shares of company stock valued at $1,455,609. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Wyoming boosted its holdings in Weyerhaeuser by 15.3% during the second quarter. State of Wyoming now owns 4,827 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 642 shares during the last quarter. Covestor Ltd boosted its holdings in Weyerhaeuser by 73.6% during the first quarter. Covestor Ltd now owns 3,412 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,446 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in Weyerhaeuser by 516.5% during the first quarter. Zions Bancorporation N.A. now owns 2,731 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 2,288 shares during the last quarter. Fairfield Bush & CO. acquired a new position in Weyerhaeuser during the first quarter worth $52,000. Finally, Money Concepts Capital Corp acquired a new position in Weyerhaeuser during the fourth quarter worth $47,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.