Weyerhaeuser (NYSE:WY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Weyerhaeuser (NYSE:WY) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01), Briefing.com reports. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.17%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share.

Weyerhaeuser Stock Up 4.3 %

Shares of WY opened at $31.60 on Friday. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 28.73 and a beta of 1.39. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The business’s 50 day simple moving average is $29.24 and its 200-day simple moving average is $31.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.53%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada dropped their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Truist Financial dropped their price target on Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Insider Transactions at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

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.