Weyerhaeuser (NYSE:WY) Releases Earnings Results, Beats Expectations By $0.05 EPS

Weyerhaeuser (NYSE:WY) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05, FiscalAI reports. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.

Weyerhaeuser Price Performance

Weyerhaeuser stock traded down $0.97 during trading hours on Thursday, hitting $23.48. The stock had a trading volume of 6,635,126 shares, compared to its average volume of 5,907,894. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 43.49, a PEG ratio of 1.39 and a beta of 0.89. Weyerhaeuser has a 1-year low of $21.16 and a 1-year high of $27.75. The stock’s fifty day moving average is $24.13 and its two-hundred day moving average is $24.64.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently made changes to their positions in the business. Strive Financial Group LLC acquired a new stake in Weyerhaeuser in the 4th quarter valued at about $45,000. MUFG Securities EMEA plc acquired a new position in Weyerhaeuser during the second quarter worth about $55,000. Parkside Financial Bank & Trust lifted its holdings in shares of Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 428 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $80,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Weyerhaeuser by 52.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,895 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,338 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $30.00 price target on shares of Weyerhaeuser in a report on Friday, July 17th. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.