Wall Street brokerages expect that Weyerhaeuser Co (NYSE:WY) will announce $0.33 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Weyerhaeuser’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.32. Weyerhaeuser posted earnings per share of $0.22 during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The company is expected to announce its next quarterly earnings results on Friday, April 27th.
On average, analysts expect that Weyerhaeuser will report full-year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.30 to $1.37. For the next financial year, analysts anticipate that the company will report earnings of $1.34 per share, with EPS estimates ranging from $1.22 to $1.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in WY. Principal Financial Group Inc. boosted 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 worth $95,903,000 after acquiring an additional 1,476,159 shares during the last quarter. First Eagle Investment Management LLC boosted 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 worth $1,283,373,000 after acquiring an additional 951,807 shares during the last quarter. American Century Companies Inc. boosted 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 worth $580,508,000 after acquiring an additional 934,684 shares during the last quarter. Barings LLC boosted 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 worth $45,451,000 after acquiring an additional 827,804 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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 worth $322,797,000 after acquiring an additional 813,226 shares during the last quarter. 74.53% of the stock is currently owned by institutional investors.
Shares of Weyerhaeuser (WY) opened at $35.03 on Monday. The company has a market cap of $26,660.01, a PE ratio of 45.49, a P/E/G ratio of 5.26 and a beta of 1.42. Weyerhaeuser has a 12 month low of $30.95 and a 12 month 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 declared 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 dividend yield of 3.65%. Weyerhaeuser’s dividend payout ratio is currently 166.24%.
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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