Weyerhaeuser (NYSE:WY) Releases Earnings Results, Beats Estimates By $0.01 EPS

Weyerhaeuser (NYSE:WY) released its earnings results on Thursday. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01, Briefing.com reports. The firm 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 6.98% and a net margin of 10.57%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Weyerhaeuser Stock Down 1.3 %

Shares of NYSE:WY opened at $31.05 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. The business’s 50 day moving average is $33.94 and its 200 day moving average is $32.71. The stock has a market cap of $22.65 billion, a P/E ratio of 28.23 and a beta of 1.43. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.58%. Weyerhaeuser’s payout ratio is presently 72.73%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO David M. Wold sold 924 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. 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 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.