Wall Street brokerages expect that Weyerhaeuser Co (NYSE:WY) will report sales of $1.79 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Weyerhaeuser’s earnings, with estimates ranging from $1.78 billion to $1.79 billion. Weyerhaeuser posted sales of $1.69 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The firm is scheduled to report its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that Weyerhaeuser will report full-year sales of $1.79 billion for the current year, with estimates ranging from $7.32 billion to $7.55 billion. For the next fiscal year, analysts expect that the company will post sales of $7.52 billion per share, with estimates ranging from $7.43 billion to $7.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS.
Weyerhaeuser (NYSE WY) opened at $35.26 on Wednesday. The firm has a market capitalization of $26,620.00, a PE ratio of 41.98, a P/E/G ratio of 5.28 and a beta of 1.42. Weyerhaeuser has a fifty-two week low of $30.95 and a fifty-two week high of $37.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, March 1st. This represents a $1.28 annualized dividend and a yield of 3.63%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.38%.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of WY. Principal Financial Group Inc. grew its position in shares of Weyerhaeuser by 110.0% in the third quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock valued at $95,903,000 after purchasing an additional 1,476,159 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Weyerhaeuser by 2.6% in the third quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock valued at $1,283,373,000 after purchasing an additional 951,807 shares in the last quarter. American Century Companies Inc. grew its position in shares of Weyerhaeuser by 5.8% in the third quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock valued at $580,508,000 after purchasing an additional 934,684 shares in the last quarter. Barings LLC grew its position in shares of Weyerhaeuser by 179.5% in the fourth quarter. Barings LLC now owns 1,289,013 shares of the real estate investment trust’s stock valued at $45,451,000 after purchasing an additional 827,804 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Weyerhaeuser by 9.4% in the third quarter. JPMorgan Chase & Co. now owns 9,491,183 shares of the real estate investment trust’s stock valued at $322,797,000 after purchasing an additional 813,226 shares in the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.
Weyerhaeuser Company Profile
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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