Weyerhaeuser Co. (WY) Declares Quarterly Dividend of $0.22
Weyerhaeuser (NYSE:WY) announced a quarterly dividend on Wednesday, October 9th, Analyst Ratings Network reports. Investors of record on Friday, November 1st will be paid a dividend of $0.22 per share on Wednesday, November 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.12%.
A number of analysts have recently weighed in on WY shares. Analysts at UBS AG cut their EPS estimates on shares of Weyerhaeuser in a research note on Wednesday. They now have a $24.00 price target on the stock. On the ratings front, analysts at Longbow Research upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 20th. They now have a $34.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Weyerhaeuser in a research note to investors on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Buy” and an average price target of $31.85.
Shares of Weyerhaeuser (NYSE:WY) traded up 0.46% during mid-day trading on Wednesday, hitting $28.25. The stock had a trading volume of 3,367,535 shares. Weyerhaeuser has a 52-week low of $24.75 and a 52-week high of $33.24. The stock has a 50-day moving average of $28.28 and a 200-day moving average of $29.2. The company has a market cap of $16.449 billion and a price-to-earnings ratio of 25.80.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post $1.13 earnings per share for the current fiscal year.
Weyerhaeuser Company, formerly Weyerhaeuser Timber Company is a forest products company. The Company is engaged in growing and harvesting trees, builds homes and making a range of forest products.
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