Weyerhaeuser to Post Q2 2024 Earnings of $0.28 Per Share, Zacks Research Forecasts (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Analysts at Zacks Research decreased their Q2 2024 earnings estimates for shares of Weyerhaeuser in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst S. Mukherjee now forecasts that the real estate investment trust will post earnings of $0.28 per share for the quarter, down from their prior estimate of $0.30. The consensus estimate for Weyerhaeuser’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Weyerhaeuser’s Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.30 EPS, FY2025 earnings at $1.18 EPS, Q1 2026 earnings at $0.32 EPS and FY2026 earnings at $1.45 EPS.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Truist Financial reiterated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. Finally, CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Price Performance

WY stock opened at $31.05 on Thursday. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The company has a 50-day moving average price of $33.94 and a 200 day moving average price of $32.71. The stock has a market cap of $22.65 billion, a PE ratio of 27.00 and a beta of 1.43. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50.

Institutional Trading of Weyerhaeuser

Large investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser during the 4th quarter worth approximately $26,000. American National Bank grew its position in Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. boosted its holdings in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 728 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock valued at $1,455,609 in the last 90 days. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is currently 69.57%.

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.