$1.79 Billion in Sales Expected for Weyerhaeuser Co (WY) This Quarter

Brokerages expect that Weyerhaeuser Co (NYSE:WY) will announce sales of $1.79 billion for the current quarter, according to Zacks. Two analysts have made estimates for Weyerhaeuser’s earnings. The lowest sales estimate is $1.78 billion and the highest is $1.79 billion. Weyerhaeuser reported sales of $1.69 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is scheduled to report its next quarterly earnings report on Friday, April 27th.

According to Zacks, analysts expect that Weyerhaeuser will report full-year sales of $1.79 billion for the current financial year, with estimates ranging from $7.32 billion to $7.55 billion. For the next year, analysts forecast that the business will report sales of $7.52 billion per share, with estimates ranging from $7.43 billion to $7.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Weyerhaeuser.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis.

A number of research firms have weighed in on WY. Zacks Investment Research cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. Finally, Argus lifted their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.44.

In other Weyerhaeuser 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 completion of the transaction, the insider now owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in WY. Principal Financial Group Inc. grew its position in shares of Weyerhaeuser by 110.0% in the third 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 during the period. First Eagle Investment Management LLC grew its position 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 valued at $1,283,373,000 after purchasing an additional 951,807 shares during the period. American Century Companies Inc. grew its position in shares of Weyerhaeuser by 5.8% in the third 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 during the period. Barings LLC grew its position in shares of Weyerhaeuser by 179.5% in the fourth quarter. Barings LLC now owns 1,289,013 shares of the real estate investment trust’s stock valued at $45,451,000 after purchasing an additional 827,804 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Weyerhaeuser by 9.4% in the third 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 during the period. Institutional investors and hedge funds own 74.79% of the company’s stock.

Weyerhaeuser (NYSE:WY) opened at $33.79 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70. Weyerhaeuser has a fifty-two week low of $30.95 and a fifty-two week high of $37.89. The stock has a market cap of $25,510.00, a price-to-earnings ratio of 43.88, a P/E/G ratio of 5.04 and a beta of 1.42.

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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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