Seaport Res Ptn Forecasts Reduced Earnings for Weyerhaeuser

Weyerhaeuser (NYSE:WY - Free Report) - Stock analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for Weyerhaeuser in a research report issued to clients and investors on Thursday, October 24th. Seaport Res Ptn analyst M. Weintraub now expects that the real estate investment trust will earn $0.46 per share for the year, down from their previous forecast of $0.52. The consensus estimate for Weyerhaeuser's current full-year earnings is $0.45 per share. Seaport Res Ptn also issued estimates for Weyerhaeuser's Q4 2024 earnings at $0.07 EPS.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company's revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS.

WY has been the subject of a number of other reports. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. DA Davidson lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. Truist Financial upped their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Citigroup lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.33.

Weyerhaeuser Stock Up 0.5 %

Shares of WY traded up $0.15 during mid-day trading on Monday, hitting $31.95. 2,877,974 shares of the company's stock were exchanged, compared to its average volume of 3,633,839. The company has a 50-day simple moving average of $32.08 and a 200 day simple moving average of $30.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company has a market cap of $23.24 billion, a PE ratio of 43.18 and a beta of 1.40. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser's payout ratio is 108.11%.

Insider Activity at Weyerhaeuser

In other news, Director Albert Monaco bought 31,500 shares of the stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Calvin O'rourke purchased 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares of the company's stock, valued at $565,680.72. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors have recently made changes to their positions in WY. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the 3rd quarter valued at $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 928 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Weyerhaeuser during the second quarter worth about $27,000. Finally, Bangor Savings Bank increased its holdings in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 651 shares during the period. 82.99% of the stock is currently owned by institutional investors.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.