Zacks: Brokerages Expect Weyerhaeuser Co (WY) to Announce $0.41 Earnings Per Share

Wall Street analysts forecast that Weyerhaeuser Co (NYSE:WY) will announce earnings of $0.41 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Weyerhaeuser’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.39. Weyerhaeuser reported earnings of $0.28 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 46.4%. The firm is scheduled to report its next quarterly earnings results on Friday, July 27th.

On average, analysts expect that Weyerhaeuser will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.47 to $1.57. For the next financial year, analysts expect that the business will post earnings of $1.51 per share, with EPS estimates ranging from $1.42 to $1.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Weyerhaeuser.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Weyerhaeuser had a net margin of 9.42% and a return on equity of 10.88%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue was up 10.2% on a year-over-year basis.

Several brokerages have recently issued reports on WY. Zacks Investment Research upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Citigroup upped their target price on shares of Weyerhaeuser from $41.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Buy” and a consensus price target of $38.00.

Shares of Weyerhaeuser stock traded up $0.06 during trading hours on Friday, hitting $37.25. The company had a trading volume of 209,495 shares, compared to its average volume of 4,262,375. Weyerhaeuser has a twelve month low of $30.95 and a twelve month high of $38.39. The company has a current ratio of 2.11, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $28.71 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 5.04 and a beta of 1.38.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a $0.32 dividend. The ex-dividend date is Thursday, June 7th. This represents a $1.28 annualized dividend and a yield of 3.44%. Weyerhaeuser’s dividend payout ratio (DPR) is 111.30%.

A number of institutional investors have recently made changes to their positions in WY. Private Capital Group LLC raised its position in Weyerhaeuser by 3,578.5% during the 1st quarter. Private Capital Group LLC now owns 2,906 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 2,827 shares during the last quarter. Summit Trail Advisors LLC raised its position in Weyerhaeuser by 3,813.4% during the 1st quarter. Summit Trail Advisors LLC now owns 108,400 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 105,630 shares during the last quarter. Smith Asset Management Group LP raised its position in Weyerhaeuser by 87.9% during the 1st quarter. Smith Asset Management Group LP now owns 3,141 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 1,469 shares during the last quarter. Barrett Asset Management LLC raised its position in Weyerhaeuser by 102.2% during the 4th quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,584 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new position in Weyerhaeuser during the 1st quarter worth $112,000. Institutional investors own 76.09% 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 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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