Analysts Anticipate Weyerhaeuser Company (WY) to Post $0.31 Earnings Per Share
Equities research analysts expect that Weyerhaeuser Company (NYSE:WY) will announce $0.31 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Weyerhaeuser’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.30. Weyerhaeuser posted earnings of $0.23 per share during the same quarter last year, which indicates a positive year over year growth rate of 34.8%. The business is expected to report its next quarterly earnings results on Friday, October 27th.
According to Zacks, analysts expect that Weyerhaeuser will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.05. For the next year, analysts anticipate that the firm will post earnings of $1.21 per share, with EPS estimates ranging from $1.10 to $1.40. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share.
WY has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Friday, July 7th. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target for the company. in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.00.
Weyerhaeuser (WY) traded up 0.73% during trading on Wednesday, reaching $31.75. 2,417,418 shares of the company’s stock traded hands. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50. The firm’s 50 day moving average price is $32.66 and its 200-day moving average price is $33.35. The stock has a market cap of $23.91 billion, a P/E ratio of 24.96 and a beta of 1.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.91%. Weyerhaeuser’s payout ratio is presently 97.64%.
A number of large investors have recently made changes to their positions in WY. Barnett & Company Inc. acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $101,000. First Personal Financial Services raised its stake in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $109,000. Alexandria Capital LLC raised its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its stake in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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