Weyerhaeuser (WY) Set to Announce Quarterly Earnings on Thursday

Weyerhaeuser (NYSE:WY) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. On average, analysts expect Weyerhaeuser to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Weyerhaeuser Trading Down 1.4 %

NYSE:WY opened at $31.52 on Thursday. The stock has a 50-day simple moving average of $34.18 and a 200-day simple moving average of $32.66. The stock has a market cap of $23.00 billion, a P/E ratio of 27.41 and a beta of 1.43. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Weyerhaeuser

Several large investors have recently added to or reduced their stakes in WY. Eagle Bay Advisors LLC acquired a new stake in shares of Weyerhaeuser during the second quarter valued at about $26,000. Quarry LP lifted its holdings in Weyerhaeuser by 74.1% in the fourth quarter. Quarry LP now owns 963 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 410 shares during the last quarter. Dagco Inc. bought a new position in Weyerhaeuser in the fourth quarter worth about $34,000. Strategic Investment Solutions Inc. IL bought a new position in Weyerhaeuser in the first quarter worth about $36,000. Finally, Tyler Stone Wealth Management bought a new position in Weyerhaeuser in the second quarter worth about $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WY has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. Truist Financial restated a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. BMO Capital Markets boosted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Finally, StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.00.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.