Weyerhaeuser Co (NYSE:WY) – Seaport Global Securities lowered their Q2 2019 earnings estimates for Weyerhaeuser in a report issued on Monday, April 29th, Zacks Investment Research reports. Seaport Global Securities analyst M. Weintraub now forecasts that the real estate investment trust will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.21. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Weyerhaeuser’s Q3 2019 earnings at $0.25 EPS, FY2019 earnings at $0.65 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.21 EPS and FY2020 earnings at $1.00 EPS.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $0.36 EPS. Weyerhaeuser’s quarterly revenue was down 11.9% on a year-over-year basis.
A number of other brokerages have also weighed in on WY. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Stephens upgraded Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research note on Friday, April 5th. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $33.10.
NYSE WY traded down $0.38 during mid-day trading on Tuesday, reaching $23.13. 5,229,000 shares of the company’s stock traded hands, compared to its average volume of 4,644,948. Weyerhaeuser has a 1-year low of $20.52 and a 1-year high of $38.39. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. The firm has a market cap of $17.43 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 7.54 and a beta of 1.64.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of Weyerhaeuser by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after purchasing an additional 5,195,461 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Weyerhaeuser by 1.9% in the 1st quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock worth $1,394,812,000 after purchasing an additional 1,006,414 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Weyerhaeuser by 9.2% in the 1st quarter. American Century Companies Inc. now owns 18,464,294 shares of the real estate investment trust’s stock worth $486,350,000 after purchasing an additional 1,559,897 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Weyerhaeuser by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 11,543,171 shares of the real estate investment trust’s stock worth $303,568,000 after purchasing an additional 271,230 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $173,259,000. Institutional investors own 77.89% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.36 annualized dividend and a dividend yield of 5.88%. Weyerhaeuser’s payout ratio is 115.25%.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.
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