Equities analysts expect that Weyerhaeuser Company (NYSE:WY) will announce $1.87 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Weyerhaeuser’s earnings, with the highest sales estimate coming in at $1.94 billion and the lowest estimate coming in at $1.81 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 firm is expected to report 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 fiscal year, analysts expect that the firm will report sales of $7.23 billion per share, with estimates ranging from $7.21 billion to $7.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Weyerhaeuser.

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

A number of brokerages have weighed in on WY. JMP Securities lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research report on Monday, August 14th. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 22nd. TheStreet lowered shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Stephens began coverage on shares of Weyerhaeuser in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.20.

Weyerhaeuser (NYSE:WY) opened at $35.13 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. The firm has a market cap of $26,520.00, a PE ratio of 36.12, a price-to-earnings-growth ratio of 6.04 and a beta of 1.44. Weyerhaeuser has a 1 year low of $29.81 and a 1 year high of $36.92.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.64%. Weyerhaeuser’s dividend payout ratio (DPR) is 261.22%.

In related news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction on Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the transaction, the insider now directly owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. Insiders have sold 296,623 shares of company stock worth $10,452,392 over the last three months. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of WY. American Century Companies Inc. boosted its holdings 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 valued at $540,155,000 after acquiring an additional 1,273,679 shares in the last quarter. Pegasus Partners Ltd. boosted its holdings in Weyerhaeuser by 153.0% in the second quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock valued at $5,098,000 after acquiring an additional 92,021 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Weyerhaeuser by 4.3% in the third quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock valued at $2,668,000 after acquiring an additional 3,231 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Weyerhaeuser by 7.1% in the second quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock valued at $13,670,000 after acquiring an additional 27,029 shares in the last quarter. Finally, Van Cleef Asset Management Inc boosted its holdings in Weyerhaeuser by 1.1% in the second quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock valued at $7,273,000 after acquiring an additional 2,358 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

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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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