Wall Street brokerages predict that Weyerhaeuser Co (NYSE:WY) will post $1.77 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Weyerhaeuser’s earnings. The lowest sales estimate is $1.68 billion and the highest is $1.83 billion. Weyerhaeuser posted sales of $1.87 billion in the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The company is scheduled to issue its next quarterly earnings report on Friday, April 26th.
According to Zacks, analysts expect that Weyerhaeuser will report full-year sales of $7.47 billion for the current financial year, with estimates ranging from $7.10 billion to $7.91 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $7.29 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, February 1st. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share.
A number of research analysts have commented on WY shares. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Raymond James set a $29.00 price objective on Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, January 8th. Seaport Global Securities began coverage on Weyerhaeuser in a research note on Wednesday, January 23rd. They issued a “buy” rating and a $30.00 price target on the stock. Bank of America downgraded Weyerhaeuser to a “hold” rating and set a $35.00 price target on the stock. in a research note on Thursday, December 20th. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.22.
WY traded up $1.02 during mid-day trading on Thursday, reaching $26.61. The stock had a trading volume of 5,755,500 shares, compared to its average volume of 5,023,352. The firm has a market capitalization of $19.17 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 5.70 and a beta of 1.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 0.83. Weyerhaeuser has a 52 week low of $20.52 and a 52 week high of $38.39.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend was Thursday, February 28th. Weyerhaeuser’s payout ratio is presently 115.25%.
In related news, insider Russell S. Hagen sold 8,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.32, for a total transaction of $210,560.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.35% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Weyerhaeuser during the 4th quarter worth about $173,259,000. Vanguard Group Inc increased its holdings in Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after purchasing an additional 5,195,461 shares in the last quarter. Vanguard Group Inc. increased its holdings in Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after purchasing an additional 5,195,461 shares in the last quarter. American Century Companies Inc. increased its holdings in Weyerhaeuser by 32.2% during the 4th quarter. American Century Companies Inc. now owns 16,904,397 shares of the real estate investment trust’s stock worth $369,530,000 after purchasing an additional 4,119,961 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in Weyerhaeuser by 347.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,849,069 shares of the real estate investment trust’s stock worth $84,140,000 after purchasing an additional 2,988,719 shares in the last quarter. 77.75% of the stock is currently owned by institutional investors and hedge funds.
Weyerhaeuser Company Profile
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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