Research Analysts Set Expectations for Weyerhaeuser’s Q1 2024 Earnings (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Stock analysts at Zacks Research issued their Q1 2024 earnings estimates for shares of Weyerhaeuser in a research note issued on Wednesday, April 24th. Zacks Research analyst S. Mukherjee expects that the real estate investment trust will post earnings of $0.16 per share for the quarter. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.99 per share. Zacks Research also issued estimates for Weyerhaeuser’s FY2024 earnings at $0.95 EPS.

A number of other research firms also recently issued reports on WY. BMO Capital Markets increased their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a research note on Monday, January 29th. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial reaffirmed a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $31.05 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $33.94 and a 200-day moving average of $32.73. The firm has a market cap of $22.65 billion, a P/E ratio of 28.23 and a beta of 1.43. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 6.98%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year.

Institutional Trading of Weyerhaeuser

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC boosted its stake in shares of Weyerhaeuser by 3.2% during the 4th quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 351 shares during the period. Home Federal Bank of Tennessee boosted its stake in shares of Weyerhaeuser by 1.0% during the 3rd quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock worth $1,126,000 after purchasing an additional 355 shares during the period. Xponance Inc. boosted its stake in shares of Weyerhaeuser by 0.4% during the 3rd quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $2,793,000 after purchasing an additional 380 shares during the period. Montgomery Investment Management Inc. boosted its stake in shares of Weyerhaeuser by 1.2% during the 3rd quarter. Montgomery Investment Management Inc. now owns 30,905 shares of the real estate investment trust’s stock worth $948,000 after purchasing an additional 380 shares during the period. Finally, WASHINGTON TRUST Co boosted its stake in shares of Weyerhaeuser by 23.4% during the 1st quarter. WASHINGTON TRUST Co now owns 2,023 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 383 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock worth $1,455,609 in the last three months. Company 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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. 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.