Weyerhaeuser (NYSE:WY) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Weyerhaeuser (NYSE:WY) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03, Briefing.com reports. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS.

Weyerhaeuser Stock Down 1.2 %

WY stock traded down $0.38 during trading on Friday, reaching $31.75. 2,671,429 shares of the stock were exchanged, compared to its average volume of 3,629,705. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm’s 50 day moving average is $31.97 and its 200 day moving average is $30.88. The firm has a market cap of $23.09 billion, a P/E ratio of 31.19 and a beta of 1.40.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 77.67%.

Wall Street Analyst Weigh In

Several research firms recently commented on WY. Truist Financial lifted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Citigroup decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada upped their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average price target of $36.33.

Insider Activity

In other news, Director Albert Monaco bought 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Albert Monaco acquired 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

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.