DA Davidson Comments on Weyerhaeuser Company’s Q1 2018 Earnings (WY)
Weyerhaeuser Company (NYSE:WY) – Stock analysts at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for Weyerhaeuser in a note issued to investors on Monday. DA Davidson analyst S. Chercover forecasts that the real estate investment trust will post earnings per share of $0.31 for the quarter. DA Davidson also issued estimates for Weyerhaeuser’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.25 EPS.
WY has been the topic of a number of other reports. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stephens began coverage on Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. TheStreet cut Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a research note on Monday, September 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.
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Shares of Weyerhaeuser (NYSE:WY) traded up 0.42% during trading on Tuesday, reaching $35.76. The company had a trading volume of 516,143 shares. The firm has a market capitalization of $26.93 billion, a PE ratio of 28.11 and a beta of 1.39. The stock has a 50 day moving average price of $34.21 and a 200 day moving average price of $33.40. Weyerhaeuser has a 12 month low of $28.58 and a 12 month high of $35.89.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis.
In related news, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of WY. BlackRock Inc. boosted its stake in Weyerhaeuser by 3,527.2% in the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after purchasing an additional 53,166,351 shares in the last quarter. Capital World Investors boosted its stake in Weyerhaeuser by 67.0% in the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after purchasing an additional 7,096,454 shares in the last quarter. Vanguard Group Inc. boosted its stake in Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock worth $1,626,729,000 after purchasing an additional 1,553,556 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Weyerhaeuser by 1,559.9% in the second quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock worth $49,550,000 after purchasing an additional 1,389,961 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Weyerhaeuser by 8.6% in the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after purchasing an additional 1,273,679 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.
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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