Weyerhaeuser (WY) Scheduled to Post Earnings on Friday
Weyerhaeuser (NYSE:WY) will post its Q313 quarterly earnings results on Friday, October 25th. Analysts expect Weyerhaeuser to post earnings of $0.23 per share and revenue of $2.10 billion for the quarter.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. On average, analysts expect Weyerhaeuser to post $1.11 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.
Weyerhaeuser (NYSE:WY) opened at 30.46 on Thursday. Weyerhaeuser has a 52 week low of $24.55 and a 52 week high of $33.24. The stock’s 50-day moving average is $27.80 and its 200-day moving average is $29.50. The company has a market cap of $17.736 billion and a P/E ratio of 27.94.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 27th. Investors of record on Friday, November 1st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, October 30th.
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. 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.85.
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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