Weyerhaeuser (NYSE:WY) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Weyerhaeuser (NYSE:WY) released its earnings results on Thursday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%.

Weyerhaeuser Stock Up 1.7 %

Shares of NYSE WY opened at $31.06 on Friday. The stock has a market capitalization of $22.56 billion, a P/E ratio of 41.97 and a beta of 1.42. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The firm’s 50 day simple moving average is $29.73 and its two-hundred day simple moving average is $30.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. Weyerhaeuser’s payout ratio is 108.11%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday. Truist Financial dropped their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

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.