Weyerhaeuser (NYSE:WY) issued its quarterly earnings data on Friday. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10, MarketWatch Earnings reports. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.44 billion. Weyerhaeuser had a return on equity of 4.09% and a net margin of 5.47%. Weyerhaeuser’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS.
Shares of NYSE WY opened at $27.81 on Friday. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 57.94 and a beta of 1.89. Weyerhaeuser has a 12-month low of $13.10 and a 12-month high of $31.58. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock’s 50 day simple moving average is $23.68 and its 200 day simple moving average is $23.32.
WY has been the subject of several research reports. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Saturday, June 20th. Scotiabank lifted their target price on Weyerhaeuser from $26.50 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 9th. BMO Capital Markets decreased their target price on Weyerhaeuser from $32.00 to $23.00 and set an “in-line” rating for the company in a research report on Monday, May 4th. Finally, Raymond James lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research report on Monday, May 4th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.00.
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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