Seaport Res Ptn Cuts Earnings Estimates for Weyerhaeuser

Weyerhaeuser (NYSE:WY) – Seaport Res Ptn reduced their Q4 2024 earnings estimates for Weyerhaeuser in a note issued to investors on Monday, October 28th. Seaport Res Ptn analyst M. Weintraub now anticipates that the real estate investment trust will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.45 per share. Seaport Res Ptn also issued estimates for Weyerhaeuser’s Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.32 EPS and Q4 2025 earnings at $0.21 EPS.

Weyerhaeuser (NYSE:WY) last issued its earnings results 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 company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS.

A number of other equities research analysts have also commented on the stock. DA Davidson decreased their price objective 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. Citigroup lowered their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Royal Bank of Canada boosted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Down 1.8 %

Shares of WY opened at $31.16 on Wednesday. The company has a market capitalization of $22.66 billion, a P/E ratio of 42.11 and a beta of 1.40. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The business’s 50 day simple moving average is $32.14 and its 200-day simple moving average is $30.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds have recently modified their holdings of the stock. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser in the third quarter valued at $25,000. Ridgewood Investments LLC bought a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Weyerhaeuser by 4,884.2% during the 3rd 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 during the last quarter. Finally, Park Place Capital Corp raised its holdings in shares of Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

Weyerhaeuser Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. Weyerhaeuser’s payout ratio is 108.11%.

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.