Weyerhaeuser (NYSE:WY) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Weyerhaeuser (NYSE:WY) announced its earnings results on Thursday. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04, Zacks reports. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded up $0.52 during mid-day trading on Thursday, reaching $31.06. The company’s stock had a trading volume of 4,164,498 shares, compared to its average volume of 3,534,322. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $29.73 and a 200-day moving average price of $30.90. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of 41.97 and a beta of 1.42.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

Analysts Set New Price Targets

WY has been the subject of a number of research analyst reports. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Truist Financial decreased their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

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.