Zacks Research Increases Earnings Estimates for Weyerhaeuser

Weyerhaeuser (NYSE:WY - Free Report) - Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for Weyerhaeuser in a report issued on Thursday, January 2nd. Zacks Research analyst S. Mukherjee now anticipates that the real estate investment trust will post earnings of $0.48 per share for the year, up from their prior estimate of $0.47. The consensus estimate for Weyerhaeuser's current full-year earnings is $0.46 per share. Zacks Research also issued estimates for Weyerhaeuser's Q1 2025 earnings at $0.17 EPS.

WY has been the subject of several other reports. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Monday, December 16th. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. BMO Capital Markets upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Finally, Truist Financial decreased their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus price target of $35.57.

Weyerhaeuser Trading Up 0.5 %

Weyerhaeuser stock traded up $0.13 during trading on Monday, reaching $28.49. The company had a trading volume of 2,886,820 shares, compared to its average volume of 3,221,905. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm has a market capitalization of $20.70 billion, a price-to-earnings ratio of 38.50 and a beta of 1.42. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock's 50 day moving average price is $30.39 and its two-hundred day moving average price is $30.75.

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

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors and hedge funds have recently made changes to their positions in WY. Inspire Trust Co. N.A. lifted its stake in Weyerhaeuser by 148.2% during the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock worth $4,253,000 after purchasing an additional 75,000 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Weyerhaeuser by 10.2% in the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust's stock valued at $23,777,000 after acquiring an additional 67,314 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in Weyerhaeuser by 9.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust's stock worth $10,383,000 after purchasing an additional 25,554 shares during the period. Public Sector Pension Investment Board boosted its stake in Weyerhaeuser by 17.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust's stock valued at $2,875,000 after purchasing an additional 14,911 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of Weyerhaeuser by 146.4% during the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust's stock valued at $3,272,000 after purchasing an additional 57,412 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. Weyerhaeuser's payout ratio is currently 108.11%.

Weyerhaeuser Company Profile

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.