Weyerhaeuser (WY) Releases Earnings Results

Weyerhaeuser (NYSE:WY) released its quarterly earnings results on Friday. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04), Bloomberg Earnings reports. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS.

Weyerhaeuser (NYSE:WY) opened at $35.74 on Friday. The stock has a market cap of $28,336.29 and a PE ratio of 32.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. Weyerhaeuser has a 12-month low of $30.94 and a 12-month high of $37.89.

Several research firms have recently commented on WY. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a research report on Saturday, January 13th. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Argus upped their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Stephens began coverage on shares of Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target for the company. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $37.44.

In related news, insider Rhonda D. Hunter sold 45,939 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total value of $1,640,941.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the completion of the transaction, the insider now owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in WY. Principal Financial Group Inc. boosted its position in shares of Weyerhaeuser by 110.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock valued at $95,903,000 after purchasing an additional 1,476,159 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Weyerhaeuser by 1,559.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock valued at $49,550,000 after purchasing an additional 1,389,961 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Weyerhaeuser by 2.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock valued at $1,283,373,000 after purchasing an additional 951,807 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Weyerhaeuser by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock valued at $580,508,000 after purchasing an additional 934,684 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Weyerhaeuser by 9.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,491,183 shares of the real estate investment trust’s stock valued at $322,797,000 after purchasing an additional 813,226 shares in the last quarter. Hedge funds and other institutional investors own 74.76% of the company’s stock.

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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.

Earnings History for Weyerhaeuser (NYSE:WY)

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