Equities analysts expect that Weyerhaeuser (NYSE:WY) will announce $1.79 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made 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 reported sales of $1.69 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The firm is expected to report its next quarterly earnings report before the market opens on Friday, April 27th.
According to Zacks, analysts expect that Weyerhaeuser will report full-year sales of $7.44 billion for the current fiscal year, with estimates ranging from $7.32 billion to $7.55 billion. For the next fiscal year, analysts expect that the firm will report 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 a mean average based on a survey of sell-side research analysts that that provide coverage for Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 the consensus estimate of $1.89 billion. During the same period in the previous year, the firm earned $0.14 EPS. Weyerhaeuser’s revenue for the quarter was up 14.2% on a year-over-year basis.
WY has been the topic of several recent analyst reports. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, April 17th. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.50.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was 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 SEC, which is accessible through this link. 0.35% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. BB&T Corp boosted its holdings in Weyerhaeuser by 4.9% during the fourth quarter. BB&T Corp now owns 29,332 shares of the real estate investment trust’s stock valued at $1,035,000 after acquiring an additional 1,368 shares during the period. First National Trust Co boosted its holdings in Weyerhaeuser by 12.6% during the fourth quarter. First National Trust Co now owns 13,164 shares of the real estate investment trust’s stock valued at $464,000 after acquiring an additional 1,468 shares during the period. Barrett Asset Management LLC boosted its holdings in Weyerhaeuser by 102.2% during the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,584 shares during the period. Halsey Associates Inc. CT boosted its holdings in Weyerhaeuser by 15.7% during the fourth quarter. Halsey Associates Inc. CT now owns 11,800 shares of the real estate investment trust’s stock valued at $416,000 after acquiring an additional 1,600 shares during the period. Finally, Sentry Investment Management LLC boosted its holdings in Weyerhaeuser by 3.0% during the fourth quarter. Sentry Investment Management LLC now owns 58,495 shares of the real estate investment trust’s stock valued at $2,063,000 after acquiring an additional 1,730 shares during the period. Hedge funds and other institutional investors own 76.39% of the company’s stock.
NYSE:WY traded down $0.03 during midday trading on Friday, hitting $36.18. 3,678,651 shares of the stock were exchanged, compared to its average volume of 4,295,253. Weyerhaeuser has a one year low of $30.95 and a one year high of $37.89. The stock has a market cap of $27,416.11, a price-to-earnings ratio of 31.46, a PEG ratio of 5.35 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.14.
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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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