$1.82 Billion in Sales Expected for Weyerhaeuser Company (WY) This Quarter

Analysts expect Weyerhaeuser Company (NYSE:WY) to announce sales of $1.82 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Weyerhaeuser’s earnings. Weyerhaeuser posted sales of $1.71 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The firm is scheduled to issue its next earnings results before the market opens on Friday, October 27th.

On average, analysts expect that Weyerhaeuser will report full year sales of $1.82 billion for the current financial year, with estimates ranging from $7.04 billion to $7.06 billion. For the next year, analysts expect that the company will report sales of $7.12 billion per share, with estimates ranging from $7.11 billion to $7.13 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Weyerhaeuser.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.17 EPS. Weyerhaeuser’s revenue was up 9.2% compared to the same quarter last year.

Several brokerages recently weighed in on WY. Stephens began coverage on shares of Weyerhaeuser in a research note on Tuesday. They set an “equal weight” rating and a $35.00 target price on the stock. JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a research note on Monday, August 14th. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.00.

In related news, Director Rick R. Holley sold 227,341 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Alexandria Capital LLC grew its position in shares of Weyerhaeuser by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the last quarter. Kistler Tiffany Companies LLC grew its position in shares of Weyerhaeuser by 0.4% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 19 shares during the last quarter. Gemmer Asset Management LLC grew its position in shares of Weyerhaeuser by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the last quarter. Cambridge Advisors Inc. grew its position in shares of Weyerhaeuser by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 8,864 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 30 shares during the last quarter. Finally, New England Private Wealth Advisors LLC grew its position in shares of Weyerhaeuser by 0.4% in the 1st quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 42 shares during the last quarter. 75.29% of the stock is currently owned by hedge funds and other institutional investors.

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Weyerhaeuser (WY) opened at 34.88 on Friday. The company’s 50-day moving average price is $34.04 and its 200-day moving average price is $33.40. The stock has a market cap of $26.26 billion, a P/E ratio of 27.42 and a beta of 1.39. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50.

About Weyerhaeuser

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.

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