Equities research analysts expect that Weyerhaeuser Co (NYSE:WY) will announce $1.96 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Weyerhaeuser’s earnings. Weyerhaeuser reported sales of $1.87 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The business is expected to report its next quarterly earnings results on Friday, October 26th.
On average, analysts expect that Weyerhaeuser will report full year sales of $7.77 billion for the current financial year, with estimates ranging from $7.75 billion to $7.80 billion. For the next financial year, analysts forecast that the company will post sales of $7.74 billion per share, with estimates ranging from $7.52 billion to $7.96 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share.
A number of research analysts have recently weighed in on the company. DA Davidson reaffirmed a “neutral” rating on shares of Weyerhaeuser in a research report on Friday, July 27th. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.50.
Hedge funds have recently bought and sold shares of the company. Private Capital Group LLC lifted its position in shares of 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 valued at $102,000 after buying an additional 2,827 shares in the last quarter. Interactive Financial Advisors lifted its holdings in Weyerhaeuser by 145.1% in the 2nd quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,714 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in Weyerhaeuser by 3,813.4% in the 1st quarter. Summit Trail Advisors LLC now owns 108,400 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 105,630 shares in the last quarter. Smith Asset Management Group LP lifted its holdings in Weyerhaeuser by 87.9% in 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 purchasing an additional 1,469 shares in the last quarter. Finally, Optimum Investment Advisors purchased a new position in Weyerhaeuser in the 1st quarter worth approximately $112,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:WY opened at $34.38 on Thursday. The stock has a market capitalization of $26.30 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 4.46 and a beta of 1.38. 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 52-week low of $32.52 and a 52-week high of $38.39.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.34 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, September 13th. Weyerhaeuser’s payout ratio is presently 111.30%.
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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