Seaport Res Ptn Forecasts Reduced Earnings for Weyerhaeuser

Weyerhaeuser (NYSE:WY) – Research analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for Weyerhaeuser in a note issued to investors on Thursday, October 24th. Seaport Res Ptn analyst M. Weintraub now expects that the real estate investment trust will earn $0.46 per share for the year, down from their previous estimate of $0.52. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.48 per share. Seaport Res Ptn also issued estimates for Weyerhaeuser’s Q4 2024 earnings at $0.07 EPS.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share.

Several other research firms also recently weighed in on WY. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Price Performance

WY stock opened at $31.80 on Monday. The firm has a 50 day moving average of $32.05 and a 200-day moving average of $30.82. The company has a market cap of $23.18 billion, a price-to-earnings ratio of 28.91 and a beta of 1.40. 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 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors have recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser in the third quarter worth $25,000. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at $26,000. Itau Unibanco Holding S.A. purchased a new position in Weyerhaeuser in the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares in the last quarter. Finally, Park Place Capital Corp boosted its position in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

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.