Brokerages forecast that Weyerhaeuser Co (NYSE:WY) will report sales of $1.96 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Weyerhaeuser’s earnings. Weyerhaeuser reported sales of $1.87 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The firm is expected to issue its next quarterly earnings results before the market opens on Friday, October 26th.
According to Zacks, analysts expect that Weyerhaeuser will report full year sales of $7.77 billion for the current year, with estimates ranging from $7.75 billion to $7.80 billion. For the next financial year, analysts expect that the business will report sales of $7.74 billion, with estimates ranging from $7.52 billion to $7.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Weyerhaeuser had a net margin of 12.94% and a return on equity of 12.15%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company earned $0.28 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year.
Shares of NYSE WY traded down $0.42 during trading on Wednesday, hitting $28.08. 5,484,356 shares of the company traded hands, compared to its average volume of 4,087,544. Weyerhaeuser has a 1 year low of $27.92 and a 1 year high of $38.39. The stock has a market capitalization of $24.45 billion, a PE ratio of 24.42, a P/E/G ratio of 4.10 and a beta of 1.38. The company has a quick ratio of 1.77, a current ratio of 2.18 and a debt-to-equity ratio of 0.67.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.84%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, September 13th. Weyerhaeuser’s dividend payout ratio is 118.26%.
A number of institutional investors have recently made changes to their positions in WY. FMR LLC boosted its position in Weyerhaeuser by 9.1% in the 2nd quarter. FMR LLC now owns 566,568 shares of the real estate investment trust’s stock valued at $20,657,000 after buying an additional 47,262 shares during the last quarter. Boston Common Asset Management LLC boosted its position in Weyerhaeuser by 4.0% in the 2nd quarter. Boston Common Asset Management LLC now owns 228,711 shares of the real estate investment trust’s stock valued at $8,339,000 after buying an additional 8,850 shares during the last quarter. Securian Asset Management Inc boosted its position in Weyerhaeuser by 1.6% in the 2nd quarter. Securian Asset Management Inc now owns 135,020 shares of the real estate investment trust’s stock valued at $4,923,000 after buying an additional 2,126 shares during the last quarter. Game Creek Capital LP boosted its position in Weyerhaeuser by 19.0% in the 2nd quarter. Game Creek Capital LP now owns 123,750 shares of the real estate investment trust’s stock valued at $4,512,000 after buying an additional 19,750 shares during the last quarter. Finally, Orleans Capital Management Corp LA boosted its position in Weyerhaeuser by 15.6% in the 2nd quarter. Orleans Capital Management Corp LA now owns 44,915 shares of the real estate investment trust’s stock valued at $1,638,000 after buying an additional 6,070 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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