Weyerhaeuser (NYSE:WY – Get Free Report) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01, Briefing.com reports. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 6.98% and a net margin of 10.57%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share.
Weyerhaeuser Price Performance
Shares of NYSE:WY opened at $31.05 on Friday. The company has a market capitalization of $22.65 billion, a P/E ratio of 28.23 and a beta of 1.43. The company’s 50-day moving average is $33.94 and its 200 day moving average is $32.71. 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 has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.
Weyerhaeuser Increases Dividend
The firm also recently announced 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. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.
Insider Buying and Selling
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. Truist Financial reissued a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. BMO Capital Markets upped their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.00.
Read Our Latest Stock Analysis on Weyerhaeuser
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.
Read More
- Five stocks we like better than Weyerhaeuser
- Buy P&G Now, Before It Sets A New All-Time High
- MarketBeat Week in Review – 4/22 – 4/26
- Investing in large cap stocks: Diving into big caps
- 3 Stocks Leading the U.S. Agriculture Comeback
- What is a Dividend King?
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.