Zacks Research Weighs in on Weyerhaeuser Q3 Earnings

Weyerhaeuser (NYSE:WY) – Equities research analysts at Zacks Research issued their Q3 2024 earnings estimates for Weyerhaeuser in a research note issued on Tuesday, October 22nd. Zacks Research analyst S. Mukherjee forecasts that the real estate investment trust will post earnings per share of $0.03 for the quarter. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.48 per share. Zacks Research also issued estimates for Weyerhaeuser’s FY2024 earnings at $0.47 EPS.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue was down 13.3% on a year-over-year basis.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Citigroup cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Stock Down 1.0 %

Shares of Weyerhaeuser stock opened at $31.80 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 28.91 and a beta of 1.40. The company’s 50 day moving average price is $32.01 and its 200-day moving average price is $30.89.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds have recently bought and sold shares of WY. State Board of Administration of Florida Retirement System grew its stake in shares of Weyerhaeuser by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock valued at $32,207,000 after purchasing an additional 31,355 shares during the period. M&G Plc grew its stake in shares of Weyerhaeuser by 16.2% during the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after purchasing an additional 273,291 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Weyerhaeuser by 243.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock valued at $12,300,000 after purchasing an additional 242,744 shares during the period. Natixis grew its stake in shares of Weyerhaeuser by 1,026.4% during the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock valued at $2,855,000 after purchasing an additional 72,440 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Weyerhaeuser by 52.3% during the 1st quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust’s stock valued at $4,166,000 after purchasing an additional 39,845 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Albert Monaco purchased 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

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.