Zacks Research Comments on Weyerhaeuser’s Q2 2024 Earnings (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Investment analysts at Zacks Research dropped their Q2 2024 earnings per share estimates for Weyerhaeuser in a report issued on Wednesday, April 24th. Zacks Research analyst S. Mukherjee now anticipates that the real estate investment trust will post earnings of $0.28 per share for the quarter, down from their prior estimate of $0.30. The consensus estimate for Weyerhaeuser’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Weyerhaeuser’s Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.30 EPS, FY2025 earnings at $1.18 EPS, Q1 2026 earnings at $0.32 EPS and FY2026 earnings at $1.45 EPS.

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

Weyerhaeuser Price Performance

NYSE:WY opened at $31.46 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The stock’s 50-day simple moving average is $33.98 and its 200 day simple moving average is $32.71. The company has a market cap of $22.95 billion, a P/E ratio of 27.36 and a beta of 1.43. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Weyerhaeuser by 15.3% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 875 shares during the period. Public Sector Pension Investment Board lifted its stake in Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after purchasing an additional 8,031 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Weyerhaeuser by 18.3% during the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock worth $13,057,000 after purchasing an additional 65,808 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Weyerhaeuser during the fourth quarter worth $36,237,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Weyerhaeuser by 21.3% during the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after purchasing an additional 96,900 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Insider Transactions at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 over the last quarter. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders 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 yield of 2.54%. The ex-dividend date was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is 69.57%.

Weyerhaeuser Company Profile

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.