Zacks Research Forecasts Weyerhaeuser Q3 Earnings

Weyerhaeuser (NYSE:WY) – Research analysts at Zacks Research issued their Q3 2024 EPS estimates for Weyerhaeuser in a report issued on Tuesday, October 22nd. Zacks Research analyst S. Mukherjee forecasts that the real estate investment trust will post earnings of $0.03 per share for the quarter. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.48 per share. Zacks Research also issued estimates for Weyerhaeuser’s FY2024 earnings at $0.47 EPS.

Other analysts have also recently issued research reports about the stock. Citigroup dropped 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. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson dropped 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. Royal Bank of Canada raised their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Trading Up 0.9 %

Shares of WY opened at $32.13 on Thursday. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 31.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The firm has a 50 day moving average price of $31.97 and a 200-day moving average price of $30.88. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data 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 net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its position in shares of Weyerhaeuser by 3.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after buying an additional 31,355 shares in the last quarter. M&G Plc increased its stake in Weyerhaeuser by 16.2% in the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock worth $54,935,000 after acquiring an additional 273,291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Weyerhaeuser by 243.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after acquiring an additional 242,744 shares in the last quarter. Natixis boosted its position in shares of Weyerhaeuser by 1,026.4% during the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock valued at $2,855,000 after acquiring an additional 72,440 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Weyerhaeuser by 52.3% in the first quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust’s stock valued at $4,166,000 after purchasing an additional 39,845 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was 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 directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 77.67%.

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.