Weyerhaeuser (WY) Earning Somewhat Favorable News Coverage, Study Shows
Press coverage about Weyerhaeuser (NYSE:WY) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Weyerhaeuser earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.551085986134 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Weyerhaeuser Co. (WY) price to earnings P/E ratio stands at 64.04 – Street Observer (press release) (streetobserver.com)
- BRIEF-Weyerhaeuser redeems ownership interest in Twin Creeks, LLC joint venture for $107.5 mln (feeds.reuters.com)
- $1.82 Billion in Sales Expected for Weyerhaeuser Company (WY) This Quarter (americanbankingnews.com)
- Lumber products firm Conner Industries receives $10 million capital infusion (woodworkingnetwork.com)
- Sell Ranking for Weyerhaeuser (WY) Stock Kept – Investorplace.com (investorplace.com)
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $28.58 to $36.00 in a research report on Monday, August 14th. TheStreet lowered shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.25.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 3.58%. Weyerhaeuser’s dividend payout ratio is currently 97.64%.
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.
Receive News & Ratings for Weyerhaeuser Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser Company and related companies with MarketBeat.com's FREE daily email newsletter.