$0.27 Earnings Per Share Expected for Weyerhaeuser Co (WY) This Quarter
Wall Street brokerages predict that Weyerhaeuser Co (NYSE:WY) will post earnings per share of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Weyerhaeuser’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.24. Weyerhaeuser reported earnings of $0.17 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 58.8%. The firm is scheduled to report its next quarterly earnings results on Friday, August 4th.
On average, analysts expect that Weyerhaeuser will report full year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $1.10. For the next financial year, analysts forecast that the company will report earnings of $1.21 per share, with EPS estimates ranging from $1.10 to $1.40. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Weyerhaeuser had a net margin of 15.11% and a return on equity of 5.98%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis.
Several equities analysts have recently weighed in on WY shares. Zacks Investment Research downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Thursday, February 9th. Royal Bank of Canada reissued a “buy” rating and set a $37.00 target price on shares of Weyerhaeuser in a research report on Tuesday, March 14th. BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Citigroup Inc reissued a “buy” rating and set a $39.00 target price (up previously from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Finally, ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $36.88.
Shares of Weyerhaeuser (WY) traded down 0.821% during midday trading on Friday, hitting $33.235. 729,525 shares of the stock were exchanged. Weyerhaeuser has a 52-week low of $26.55 and a 52-week high of $35.50. The firm’s 50 day moving average price is $33.57 and its 200-day moving average price is $32.59. The stock has a market cap of $24.99 billion, a P/E ratio of 22.779 and a beta of 1.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.70%. The ex-dividend date is Wednesday, June 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 91.85%.
In other Weyerhaeuser news, Director Rick R. Holley sold 6,687 shares of the company’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $35.00, for a total value of $234,045.00. Following the transaction, the director now owns 557,707 shares of the company’s stock, valued at approximately $19,519,745. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rick R. Holley sold 33,416 shares of the company’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $35.21, for a total value of $1,176,577.36. Following the completion of the transaction, the director now directly owns 571,036 shares in the company, valued at approximately $20,106,177.56. The disclosure for this sale can be found here. Insiders sold a total of 220,659 shares of company stock worth $7,742,721 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. First Personal Financial Services increased its position in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the period. JJJ Advisors Inc. acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $113,000. Alexandria Capital LLC increased its position in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the period. Independent Advisor Alliance acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $124,000. Finally, Northwest Quadrant Wealth Management LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $133,000. 77.72% of the stock is currently owned by institutional investors.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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