Weyerhaeuser (NYSE:WY) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Weyerhaeuser (NYSE:WY) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03, Briefing.com reports. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $31.80 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $32.05 and a two-hundred day simple moving average of $30.84. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market capitalization of $23.18 billion, a PE ratio of 28.91 and a beta of 1.40.

Weyerhaeuser Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on WY. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Truist Financial upped their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Citigroup dropped their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.33.

Insider Activity

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

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.