Weyerhaeuser (NYSE:WY) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Weyerhaeuser (NYSE:WY) posted its earnings results on Thursday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04, FiscalAI reports. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.92 billion.

Weyerhaeuser Stock Up 3.1%

Shares of WY traded up $0.60 during midday trading on Thursday, hitting $19.79. The company had a trading volume of 10,184,753 shares, compared to its average volume of 6,262,949. The company’s 50-day simple moving average is $21.05 and its 200-day simple moving average is $23.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. The firm has a market capitalization of $14.26 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.39 and a beta of 0.92. Weyerhaeuser has a 1 year low of $18.25 and a 1 year high of $27.75.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.2%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 129.23%.

Analyst Upgrades and Downgrades

WY has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce lowered their target price on Weyerhaeuser from $30.00 to $25.00 and set an “outperformer” rating for the company in a report on Tuesday. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, September 3rd. Seaport Research Partners set a $30.00 price target on shares of Weyerhaeuser in a research report on Thursday, October 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average price target of $25.89.

About Weyerhaeuser

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.