Wall Street brokerages forecast that Weyerhaeuser Co (NYSE:WY) will post $0.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Weyerhaeuser’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. Weyerhaeuser reported earnings per share of $0.34 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The business is scheduled to announce its next quarterly earnings report on Friday, October 26th.
On average, analysts expect that Weyerhaeuser will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.53 to $1.60. For the next financial year, analysts anticipate that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.33 to $1.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year.
A number of equities research analysts have weighed in on WY shares. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. DA Davidson restated a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $38.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC bought a new position in Weyerhaeuser during the 2nd quarter worth approximately $82,829,000. Brookfield Asset Management Inc. lifted its holdings in Weyerhaeuser by 903.1% during the 1st quarter. Brookfield Asset Management Inc. now owns 2,478,358 shares of the real estate investment trust’s stock worth $86,743,000 after buying an additional 2,231,300 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Weyerhaeuser by 17.9% during the 1st quarter. JPMorgan Chase & Co. now owns 11,102,891 shares of the real estate investment trust’s stock worth $388,604,000 after buying an additional 1,683,653 shares during the last quarter. Capital Growth Management LP bought a new position in Weyerhaeuser during the 1st quarter worth approximately $45,500,000. Finally, BlackRock Inc. lifted its holdings in Weyerhaeuser by 2.4% during the 2nd quarter. BlackRock Inc. now owns 51,753,003 shares of the real estate investment trust’s stock worth $1,886,914,000 after buying an additional 1,220,115 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.
Shares of WY stock traded down $0.44 during trading hours on Friday, reaching $33.25. The company had a trading volume of 164,719 shares, compared to its average volume of 2,728,933. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.77 and a current ratio of 2.18. Weyerhaeuser has a twelve month low of $33.01 and a twelve month high of $38.39. The firm has a market cap of $25.49 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 4.28 and a beta of 1.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Thursday, September 13th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.32. Weyerhaeuser’s dividend payout ratio (DPR) is 118.26%.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.
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