Weyerhaeuser (NYSE:WY) Issues Quarterly Earnings Results

Weyerhaeuser (NYSE:WY) announced its earnings results on Thursday. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Briefing.com reports. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year.

Weyerhaeuser Trading Up 4.3 %

WY traded up $1.31 on Friday, hitting $31.62. The company had a trading volume of 4,898,165 shares, compared to its average volume of 3,514,014. The firm has a market cap of $23.05 billion, a P/E ratio of 28.19 and a beta of 1.39. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company’s fifty day moving average price is $29.23 and its 200 day moving average price is $31.85. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.53%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the sale, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WY. Truist Financial lowered their target price on shares of Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Royal Bank of Canada reduced their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.00.

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.