Weyerhaeuser Co (NYSE:WY) – Seaport Global Securities reduced their Q2 2019 EPS estimates for shares of Weyerhaeuser in a research note issued on Monday, April 29th, according to Zacks Investment Research. Seaport Global Securities analyst M. Weintraub now expects that the real estate investment trust will earn $0.12 per share for the quarter, down from their prior estimate of $0.21. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Weyerhaeuser’s Q3 2019 earnings at $0.25 EPS, FY2019 earnings at $0.65 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.21 EPS and FY2020 earnings at $1.00 EPS.
Several other equities research analysts also recently weighed in on WY. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, March 11th. Finally, Stephens raised shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.10.
NYSE:WY traded down $0.22 during mid-day trading on Tuesday, reaching $22.91. 9,102,850 shares of the company’s stock traded hands, compared to its average volume of 4,148,578. Weyerhaeuser has a 12-month low of $20.52 and a 12-month high of $38.39. The company has a market cap of $17.23 billion, a PE ratio of 19.42, a P/E/G ratio of 7.37 and a beta of 1.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 1.10.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $0.36 EPS. Weyerhaeuser’s revenue for the quarter was down 11.9% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.36 annualized dividend and a dividend yield of 5.94%. Weyerhaeuser’s payout ratio is currently 115.25%.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Weyerhaeuser by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after acquiring an additional 5,195,461 shares during the last quarter. BlackRock Inc. increased its position in shares of Weyerhaeuser by 1.9% in the 1st quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock valued at $1,394,812,000 after purchasing an additional 1,006,414 shares during the last quarter. American Century Companies Inc. increased its position in shares of Weyerhaeuser by 9.2% in the 1st quarter. American Century Companies Inc. now owns 18,464,294 shares of the real estate investment trust’s stock valued at $486,350,000 after purchasing an additional 1,559,897 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Weyerhaeuser by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 11,543,171 shares of the real estate investment trust’s stock valued at $303,568,000 after purchasing an additional 271,230 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $173,259,000. Institutional investors and hedge funds own 76.90% of the company’s stock.
Weyerhaeuser Company, one of the world’s largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.