Equities analysts forecast that Weyerhaeuser Co (NYSE:WY) will report $1.82 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Weyerhaeuser’s earnings. The highest sales estimate is $1.85 billion and the lowest is $1.79 billion. Weyerhaeuser reported sales of $1.66 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The business is scheduled to issue its next quarterly earnings report on Friday, August 4th.
On average, analysts expect that Weyerhaeuser will report full year sales of $1.82 billion for the current year, with estimates ranging from $7.11 billion to $7.19 billion. For the next year, analysts forecast that the firm will report sales of $7.25 billion per share, with estimates ranging from $7.21 billion to $7.29 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Weyerhaeuser had a net margin of 15.11% and a return on equity of 5.98%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Weyerhaeuser’s quarterly revenue was up 20.5% on a year-over-year basis.
A number of equities research analysts have weighed in on the company. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, May 17th. Zacks Investment Research cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. Finally, Citigroup Inc reiterated a “buy” rating and issued a $39.00 price objective (up previously from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.88.
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In other news, Director Rick R. Holley sold 33,416 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $35.21, for a total value of $1,176,577.36. Following the transaction, the director now owns 571,036 shares of the company’s stock, valued at $20,106,177.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rick R. Holley sold 6,687 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $35.00, for a total value of $234,045.00. Following the completion of the transaction, the director now directly owns 557,707 shares in the company, valued at approximately $19,519,745. The disclosure for this sale can be found here. In the last three months, insiders sold 220,659 shares of company stock worth $7,742,721. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Personal Financial Services raised its position in Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the last quarter. JJJ Advisors Inc. bought a new position in Weyerhaeuser during the fourth quarter worth about $113,000. Alexandria Capital LLC raised its position in Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares during the last quarter. Independent Advisor Alliance bought a new position in Weyerhaeuser during the fourth quarter worth about $124,000. Finally, Northwest Quadrant Wealth Management LLC bought a new position in Weyerhaeuser during the fourth quarter worth about $133,000. 77.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Weyerhaeuser (WY) traded down 0.54% during trading on Friday, reaching $32.92. 1,288,279 shares of the company traded hands. The company has a market capitalization of $24.75 billion, a price-to-earnings ratio of 22.56 and a beta of 1.36. The stock’s 50 day moving average is $33.52 and its 200 day moving average is $32.67. Weyerhaeuser has a 1-year low of $26.55 and a 1-year high of $35.50.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Wednesday, June 7th. Weyerhaeuser’s payout ratio is currently 91.85%.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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