Wall Street analysts forecast that Weyerhaeuser Company (NYSE:WY) will post $1.87 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Weyerhaeuser’s earnings. The lowest sales estimate is $1.81 billion and the highest is $1.94 billion. Weyerhaeuser reported sales of $1.60 billion during the same quarter last year, which indicates a positive year over year growth rate of 16.9%. The company is expected to announce its next quarterly earnings report on Friday, February 2nd.

According to Zacks, analysts expect that Weyerhaeuser will report full-year sales of $1.87 billion for the current fiscal year, with estimates ranging from $7.18 billion to $7.31 billion. For the next year, analysts forecast that the firm will post sales of $7.23 billion per share, with estimates ranging from $7.21 billion to $7.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Weyerhaeuser.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $0.30 earnings per share. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year.

Several research analysts recently commented on the stock. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus raised their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Stephens assumed coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Monday, September 4th. Finally, BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser currently has an average rating of “Hold” and an average target price of $37.20.

In other news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rhonda D. Hunter sold 45,939 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of WY. BlackRock Inc. increased its stake in shares of 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 buying an additional 53,166,351 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Weyerhaeuser by 3.2% in the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after buying an additional 1,535,736 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Weyerhaeuser by 2.6% in the third quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after buying an additional 951,807 shares during the last quarter. State Street Corp increased its stake in shares of Weyerhaeuser by 0.8% in the first quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after buying an additional 245,129 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of 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 buying an additional 7,096,454 shares during the last quarter. Institutional investors own 75.80% of the company’s stock.

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Weyerhaeuser (WY) opened at $36.55 on Friday. Weyerhaeuser has a 1-year low of $29.81 and a 1-year high of $36.92. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. The company has a market cap of $27,589.01, a P/E ratio of 37.30, a P/E/G ratio of 6.24 and a beta of 1.46.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.77%.

About Weyerhaeuser

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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Earnings History and Estimates for Weyerhaeuser (NYSE:WY)

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