Equities analysts forecast that Weyerhaeuser Co (NYSE:WY) will post $1.79 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Weyerhaeuser’s earnings, with the highest sales estimate coming in at $1.93 billion and the lowest estimate coming in at $1.73 billion. Weyerhaeuser posted sales of $2.07 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 13.5%. The business is expected to announce its next quarterly earnings results before the market opens on Friday, July 26th.
According to Zacks, analysts expect that Weyerhaeuser will report full year sales of $7.05 billion for the current fiscal year, with estimates ranging from $6.70 billion to $7.64 billion. For the next year, analysts expect that the company will report sales of $7.41 billion, with estimates ranging from $6.86 billion to $8.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company earned $0.36 EPS. Weyerhaeuser’s revenue for the quarter was down 11.9% compared to the same quarter last year.
Shares of NYSE WY traded down $0.44 during midday trading on Friday, reaching $25.30. The company’s stock had a trading volume of 218,670 shares, compared to its average volume of 4,488,554. The company has a current ratio of 1.48, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70. Weyerhaeuser has a fifty-two week low of $20.52 and a fifty-two week high of $36.50. The stock’s 50 day moving average price is $25.18. The firm has a market cap of $18.78 billion, a P/E ratio of 21.44, a P/E/G ratio of 8.29 and a beta of 1.72.
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.36 annualized dividend and a dividend yield of 5.38%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.
In other Weyerhaeuser news, insider Devin W. Stockfish acquired 5,195 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of $23.03 per share, with a total value of $119,640.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Pwmco LLC raised its holdings in shares of Weyerhaeuser by 2.4% during the second quarter. Pwmco LLC now owns 550,900 shares of the real estate investment trust’s stock valued at $14,511,000 after purchasing an additional 13,000 shares during the period. Sippican Capital Advisors increased its stake in Weyerhaeuser by 79.1% in the 2nd quarter. Sippican Capital Advisors now owns 31,264 shares of the real estate investment trust’s stock valued at $823,000 after buying an additional 13,804 shares during the last quarter. NEXT Financial Group Inc increased its stake in Weyerhaeuser by 197.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 789 shares during the last quarter. Old North State Trust LLC increased its stake in Weyerhaeuser by 32.3% in the 2nd quarter. Old North State Trust LLC now owns 6,704 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,635 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Weyerhaeuser by 1.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 79,429 shares of the real estate investment trust’s stock valued at $2,092,000 after buying an additional 765 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors.
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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