Wall Street analysts expect that Weyerhaeuser Co (NYSE:WY) will post sales of $1.79 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Weyerhaeuser’s earnings, with the highest sales estimate coming in at $1.79 billion and the lowest estimate coming in at $1.78 billion. Weyerhaeuser posted sales of $1.69 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The company is expected to issue its next earnings report on Friday, April 27th.
According to Zacks, analysts expect that Weyerhaeuser will report full-year sales of $1.79 billion for the current fiscal year, with estimates ranging from $7.32 billion to $7.55 billion. For the next year, analysts anticipate that the business will post sales of $7.52 billion per share, with estimates ranging from $7.43 billion to $7.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year.
A number of equities research analysts have weighed in on the company. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price objective on the stock. in a report on Saturday, January 13th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.44.
In other news, VP Jeanne M. Hillman sold 15,389 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.22, for a total value of $542,000.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Eagle Ridge Investment Management raised its stake in shares of Weyerhaeuser by 3.0% in the fourth quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock valued at $6,676,000 after acquiring an additional 5,439 shares during the last quarter. Atlantic Trust Group LLC raised its position in Weyerhaeuser by 8.2% in the 3rd quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock worth $12,249,000 after purchasing an additional 27,233 shares during the last quarter. North Star Asset Management Inc. raised its position in Weyerhaeuser by 13.1% in the 4th quarter. North Star Asset Management Inc. now owns 34,045 shares of the real estate investment trust’s stock worth $1,200,000 after purchasing an additional 3,948 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Weyerhaeuser by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock worth $40,735,000 after purchasing an additional 7,084 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Weyerhaeuser by 11.8% in the 3rd quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock worth $6,286,000 after purchasing an additional 19,570 shares during the last quarter. Institutional investors own 76.79% of the company’s stock.
Shares of Weyerhaeuser (NYSE:WY) opened at $35.82 on Friday. Weyerhaeuser has a 1 year low of $30.95 and a 1 year high of $37.89. The firm has a market capitalization of $26,644.89, a PE ratio of 46.52, a P/E/G ratio of 5.22 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.47.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s payout ratio is 166.24%.
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Weyerhaeuser Company Profile
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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