Weyerhaeuser (NYSE:WY) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Weyerhaeuser (NYSE:WY) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04, FiscalAI reports. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year.

Weyerhaeuser Stock Performance

NYSE WY traded up $0.38 during trading hours on Friday, hitting $20.12. 5,247,703 shares of the stock were exchanged, compared to its average volume of 6,255,289. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The stock has a 50-day moving average of $20.96 and a 200 day moving average of $23.72. Weyerhaeuser has a 12-month low of $18.25 and a 12-month high of $27.75. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a $0.21 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.84 annualized dividend and a yield of 4.2%. Weyerhaeuser’s dividend payout ratio is 129.23%.

Wall Street Analyst Weigh In

WY has been the subject of a number of research reports. Truist Financial reduced their target price on shares of Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating for the company in a report on Monday, October 12th. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Royal Bank Of Canada lowered their target price on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Raymond James Financial upgraded 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.