Weyerhaeuser (NYSE:WY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Weyerhaeuser (NYSE:WY) released its earnings results on Thursday. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01, Briefing.com reports. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis.

Weyerhaeuser Trading Down 0.3 %

WY stock traded down $0.08 during midday trading on Thursday, reaching $31.46. The company’s stock had a trading volume of 2,473,841 shares, compared to its average volume of 3,415,265. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The stock has a fifty day simple moving average of $34.02 and a two-hundred day simple moving average of $32.72. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The firm has a market capitalization of $22.95 billion, a price-to-earnings ratio of 27.17 and a beta of 1.43.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.20 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 69.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WY. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets upped their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.00.

Insiders Place Their Bets

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 value of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the transaction, the director now owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock worth $1,455,609 over the last quarter. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

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.