Weyerhaeuser (NYSE:WY) Announces Earnings Results, Beats Estimates By $0.04 EPS

Weyerhaeuser (NYSE:WY) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04, FiscalAI reports. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.92 billion.

Weyerhaeuser Price Performance

NYSE WY traded up $0.60 during trading hours on Thursday, reaching $19.79. 10,184,753 shares of the stock traded hands, compared to its average volume of 6,262,949. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $21.05 and a two-hundred day simple moving average of $23.75. Weyerhaeuser has a 1 year low of $18.25 and a 1 year high of $27.75. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 2.39 and a beta of 0.92.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.2%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 129.23%.

Analysts Set New Price Targets

WY has been the subject of several recent research reports. Truist Financial reduced their price target on Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce cut their price objective on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperformer” rating for the company in a research report on Tuesday. Finally, Seaport Research Partners set a $30.00 price objective on shares of Weyerhaeuser in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.89.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.