Weyerhaeuser (NYSE:WY) Issues Earnings Results, Beats Estimates By $0.01 EPS

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

Weyerhaeuser Trading Down 0.3 %

NYSE:WY traded down $0.08 on Thursday, reaching $31.46. 2,473,841 shares of the stock traded hands, compared to its average volume of 3,415,265. The firm has a market capitalization of $22.95 billion, a price-to-earnings ratio of 27.17 and a beta of 1.43. The company’s 50 day moving average is $34.02 and its 200-day moving average is $32.72. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27.

Weyerhaeuser Increases Dividend

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

Insider Transactions at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the SEC, which is available through 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 owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock valued at $1,455,609 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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