Weyerhaeuser (NYSE:WY) Posts Earnings Results, Beats Estimates By $0.01 EPS

Weyerhaeuser (NYSE:WY) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01, Briefing.com reports. Weyerhaeuser had a net margin of 10.57% and a return on equity of 6.98%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year.

Weyerhaeuser Stock Down 1.3 %

Shares of Weyerhaeuser stock opened at $31.05 on Friday. The company has a market cap of $22.65 billion, a P/E ratio of 28.23 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The firm has a fifty day moving average of $33.94 and a two-hundred day moving average of $32.73.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Insiders Place Their Bets

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on WY. BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. Finally, Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and a consensus target price of $38.00.

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.