Weyerhaeuser (WY) to Release Earnings on Friday

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Weyerhaeuser (NYSE:WYGet Rating) will release its earnings data before the market opens on Friday, July 29th. Analysts expect Weyerhaeuser to post earnings of $1.08 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Weyerhaeuser (NYSE:WYGet Rating) last issued its earnings results on Friday, April 29th. The real estate investment trust reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.24. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.99 billion. Weyerhaeuser had a return on equity of 27.03% and a net margin of 24.96%. The company’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts expect Weyerhaeuser to post $3 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Weyerhaeuser Stock Performance

NYSE WY opened at $35.50 on Friday. The stock has a market capitalization of $26.43 billion, a price-to-earnings ratio of 9.89 and a beta of 1.50. Weyerhaeuser has a twelve month low of $32.50 and a twelve month high of $43.04. The company has a current ratio of 2.82, a quick ratio of 2.20 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $35.95 and a 200 day moving average of $38.43.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a $0.18 dividend. The ex-dividend date was Thursday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.03%. Weyerhaeuser’s payout ratio is 20.06%.

Analyst Ratings Changes

WY has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. StockNews.com cut Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. Argus cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial began coverage on Weyerhaeuser in a report on Wednesday, June 29th. They issued a “hold” rating and a $37.00 price target for the company. Finally, BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a report on Monday, May 2nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Albert Monaco bought 3,000 shares of Weyerhaeuser stock in a transaction on Tuesday, June 7th. The stock was acquired at an average price of $38.43 per share, with a total value of $115,290.00. Following the completion of the acquisition, the director now directly owns 27,246 shares of the company’s stock, valued at $1,047,063.78. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cresset Asset Management LLC increased its holdings in shares of Weyerhaeuser by 3.8% in the first quarter. Cresset Asset Management LLC now owns 10,937 shares of the real estate investment trust’s stock valued at $415,000 after purchasing an additional 404 shares during the last quarter. Kinneret Advisory LLC grew its position in Weyerhaeuser by 2.3% in the first quarter. Kinneret Advisory LLC now owns 19,909 shares of the real estate investment trust’s stock worth $755,000 after acquiring an additional 445 shares during the period. High Net Worth Advisory Group LLC grew its position in Weyerhaeuser by 7.8% in the first quarter. High Net Worth Advisory Group LLC now owns 6,870 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 500 shares during the period. Wetherby Asset Management Inc. grew its position in Weyerhaeuser by 5.7% in the first quarter. Wetherby Asset Management Inc. now owns 10,014 shares of the real estate investment trust’s stock worth $380,000 after acquiring an additional 544 shares during the period. Finally, Equitable Holdings Inc. grew its position in Weyerhaeuser by 8.3% in the first quarter. Equitable Holdings Inc. now owns 7,560 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 581 shares during the period. Institutional investors and hedge funds own 82.38% of the company’s stock.

About Weyerhaeuser

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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.

See Also

Earnings History for Weyerhaeuser (NYSE:WY)



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