Weyerhaeuser (WY) to Release Earnings on Thursday

Weyerhaeuser (NYSE:WY - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company earned $0.32 earnings per share. Weyerhaeuser's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect Weyerhaeuser to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Weyerhaeuser Stock Down 2.0 %

NYSE WY traded down $0.66 during mid-day trading on Thursday, hitting $32.79. The company's stock had a trading volume of 2,378,045 shares, compared to its average volume of 3,641,196. The firm has a market capitalization of $23.85 billion, a price-to-earnings ratio of 31.84 and a beta of 1.40. The company's 50 day simple moving average is $31.78 and its 200 day simple moving average is $30.97. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, August 30th. Weyerhaeuser's dividend payout ratio is currently 77.67%.

Analysts Set New Price Targets

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

Insider Activity at Weyerhaeuser

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

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.