Weyerhaeuser Expected to Earn Q1 2024 Earnings of $0.15 Per Share (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Stock analysts at Seaport Res Ptn decreased their Q1 2024 earnings per share estimates for shares of Weyerhaeuser in a research note issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now forecasts that the real estate investment trust will earn $0.15 per share for the quarter, down from their prior estimate of $0.21. The consensus estimate for Weyerhaeuser’s current full-year earnings is $1.03 per share. Seaport Res Ptn also issued estimates for Weyerhaeuser’s Q2 2024 earnings at $0.35 EPS and Q3 2024 earnings at $0.33 EPS.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS.

A number of other research firms also recently weighed in on WY. BMO Capital Markets lifted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $31.35 on Wednesday. The company has a market capitalization of $22.87 billion, a price-to-earnings ratio of 27.26 and a beta of 1.43. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The stock’s 50 day moving average is $34.15 and its 200-day moving average is $32.65.

Institutional Trading of Weyerhaeuser

Institutional investors have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its stake in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $26,000. Finally, American National Bank increased its stake in shares of Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Insider Activity at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock valued at $1,455,609 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. Weyerhaeuser’s dividend payout ratio is 69.57%.

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.