Weyerhaeuser (NYSE:WY) Issues Earnings Results, Beats Estimates By $0.04 EPS

Weyerhaeuser (NYSE:WY) posted its earnings results on Thursday. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04, Zacks reports. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%.

Weyerhaeuser Stock Performance

Shares of WY traded up $0.52 during mid-day trading on Thursday, reaching $31.06. The company’s stock had a trading volume of 4,166,908 shares, compared to its average volume of 3,534,322. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $29.73 and a two-hundred day simple moving average of $30.90. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a market cap of $22.56 billion, a P/E ratio of 41.97 and a beta of 1.42.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WY. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Finally, StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

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.