Analysts Set Expectations for Weyerhaeuser FY2024 Earnings

Weyerhaeuser (NYSE:WY) – Investment analysts at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for Weyerhaeuser in a research note issued to investors on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now forecasts that the real estate investment trust will post earnings per share of $0.51 for the year, up from their prior estimate of $0.48. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.49 per share.

Several other analysts have also recently weighed in on the stock. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, December 6th. Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.14.

Weyerhaeuser Stock Down 0.3 %

WY opened at $30.75 on Wednesday. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of 41.55 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm’s 50-day simple moving average is $29.73 and its 200-day simple moving average is $30.89. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser during the 3rd quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares during the period. Bangor Savings Bank increased its holdings in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 651 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in Weyerhaeuser during the third quarter worth about $45,000. 82.99% of the stock is owned by institutional investors.

About Weyerhaeuser

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.