Weyerhaeuser Expected to Earn Q1 2024 Earnings of $0.16 Per Share (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Stock analysts at Zacks Research issued their Q1 2024 earnings estimates for Weyerhaeuser in a report released on Wednesday, April 24th. Zacks Research analyst S. Mukherjee forecasts that the real estate investment trust will earn $0.16 per share for the quarter. The consensus estimate for Weyerhaeuser’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Weyerhaeuser’s FY2024 earnings at $0.95 EPS.

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

WY has been the subject of a number of other research reports. Truist Financial reissued a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. BMO Capital Markets upped 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. 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.00.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $31.46 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The company has a fifty day simple moving average of $33.98 and a 200-day simple moving average of $32.71. The firm has a market capitalization of $22.95 billion, a price-to-earnings ratio of 27.36 and a beta of 1.43.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently made changes to their positions in the business. Checchi Capital Advisers LLC lifted its position in shares of Weyerhaeuser by 17.1% during the first quarter. Checchi Capital Advisers LLC now owns 13,439 shares of the real estate investment trust’s stock worth $483,000 after purchasing an additional 1,965 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Weyerhaeuser by 20.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 219,444 shares of the real estate investment trust’s stock valued at $7,880,000 after acquiring an additional 37,600 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Weyerhaeuser by 17.6% in the first quarter. V Square Quantitative Management LLC now owns 19,378 shares of the real estate investment trust’s stock valued at $696,000 after acquiring an additional 2,897 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $488,000. Finally, First Pacific Financial raised its holdings in Weyerhaeuser by 4.9% in the first quarter. First Pacific Financial now owns 20,933 shares of the real estate investment trust’s stock valued at $752,000 after acquiring an additional 970 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the stock in a transaction dated 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 transaction, 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 SEC, which is available at this link. In other news, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, 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 valued at $1,455,609 over the last 90 days. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Increases Dividend

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

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.