Equities research analysts forecast that Weyerhaeuser Co (NYSE:WY) will post $1.77 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Weyerhaeuser’s earnings, with estimates ranging from $1.68 billion to $1.83 billion. Weyerhaeuser reported sales of $1.87 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 5.3%. The firm is expected to report its next quarterly earnings report on Friday, April 26th.
According to Zacks, analysts expect that Weyerhaeuser will report full-year sales of $7.47 billion for the current financial year, with estimates ranging from $7.10 billion to $7.91 billion. For the next financial year, analysts expect that the company will report sales of $7.29 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS.
A number of brokerages recently issued reports on WY. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. TheStreet cut Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Monday, November 5th. BMO Capital Markets decreased their target price on Weyerhaeuser from $36.00 to $33.00 and set a “market perform” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research reiterated a “strong sell” rating on shares of Weyerhaeuser in a research note on Saturday, November 17th. Finally, Argus dropped their target price on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Weyerhaeuser has an average rating of “Hold” and a consensus price target of $33.33.
In other news, insider Devin W. Stockfish purchased 27,890 shares of the stock in a transaction dated Tuesday, November 13th. The shares were bought at an average cost of $26.93 per share, for a total transaction of $751,077.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Russell S. Hagen sold 8,000 shares of Weyerhaeuser stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.32, for a total value of $210,560.00. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Mutual of Omaha Bank Wealth Management boosted its holdings in Weyerhaeuser by 1.2% during the fourth quarter. Mutual of Omaha Bank Wealth Management now owns 32,487 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 385 shares in the last quarter. Argyle Capital Management Inc. raised its position in shares of Weyerhaeuser by 0.3% during the 4th quarter. Argyle Capital Management Inc. now owns 118,208 shares of the real estate investment trust’s stock valued at $2,584,000 after acquiring an additional 400 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of Weyerhaeuser by 2.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 20,520 shares of the real estate investment trust’s stock valued at $449,000 after acquiring an additional 586 shares during the last quarter. Harbor Advisory Corp MA raised its position in shares of Weyerhaeuser by 0.4% during the 4th quarter. Harbor Advisory Corp MA now owns 144,360 shares of the real estate investment trust’s stock valued at $3,156,000 after acquiring an additional 596 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its position in shares of Weyerhaeuser by 5.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 12,170 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 673 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.
Shares of WY traded down $0.25 during midday trading on Monday, reaching $25.40. The company had a trading volume of 6,303,700 shares, compared to its average volume of 5,573,482. The company has a quick ratio of 0.63, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $19.00 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 5.39 and a beta of 1.64. Weyerhaeuser has a 1-year low of $20.52 and a 1-year high of $38.39.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Thursday, February 28th. Weyerhaeuser’s dividend payout ratio is presently 115.25%.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.
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