Equities analysts expect Weyerhaeuser Co (NYSE:WY) to report sales of $1.73 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Weyerhaeuser’s earnings. Weyerhaeuser reported sales of $2.07 billion during the same quarter last year, which would suggest a negative year over year growth rate of 16.4%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, July 26th.
On average, analysts expect that Weyerhaeuser will report full-year sales of $6.76 billion for the current fiscal year, with estimates ranging from $6.70 billion to $6.81 billion. For the next year, analysts anticipate that the business will post sales of $6.99 billion, with estimates ranging from $6.86 billion to $7.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year.
A number of research firms recently weighed in on WY. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Seaport Global Securities initiated coverage on Weyerhaeuser in a report on Tuesday, April 2nd. They issued a “buy” rating for the company. Finally, Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.10.
In related news, insider Devin W. Stockfish acquired 5,195 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of $23.03 per share, with a total value of $119,640.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Chesley Taft & Associates LLC lifted its stake in shares of Weyerhaeuser by 0.8% in the 1st quarter. Chesley Taft & Associates LLC now owns 169,491 shares of the real estate investment trust’s stock valued at $4,464,000 after purchasing an additional 1,390 shares in the last quarter. TrinityPoint Wealth LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at approximately $239,000. Pennsylvania Trust Co boosted its position in Weyerhaeuser by 452.9% during the 1st quarter. Pennsylvania Trust Co now owns 444,775 shares of the real estate investment trust’s stock valued at $36,861,000 after purchasing an additional 364,333 shares during the period. Timber Creek Capital Management LLC boosted its position in Weyerhaeuser by 22.2% during the 1st quarter. Timber Creek Capital Management LLC now owns 103,184 shares of the real estate investment trust’s stock worth $2,717,000 after acquiring an additional 18,735 shares during the period. Finally, SG3 Management LLC acquired a new position in Weyerhaeuser during the 1st quarter worth $105,000. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WY stock traded down $0.01 during trading hours on Friday, reaching $25.09. 3,063,975 shares of the stock were exchanged, compared to its average volume of 4,018,743. The stock has a fifty day moving average price of $25.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 1.10. Weyerhaeuser has a 12-month low of $20.52 and a 12-month high of $35.79. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 8.15 and a beta of 1.72.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date was Thursday, June 6th. Weyerhaeuser’s payout ratio is currently 115.25%.
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.
Featured Article: How to identify percentage decliners
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.