Zacks Research Weighs in on Weyerhaeuser Q3 Earnings

Weyerhaeuser (NYSE:WY) – Research analysts at Zacks Research issued their Q3 2024 earnings per share (EPS) estimates for shares of Weyerhaeuser in a research report issued to clients and investors on Tuesday, October 22nd. Zacks Research analyst S. Mukherjee forecasts that the real estate investment trust will post earnings of $0.03 per share for the quarter. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.48 per share. Zacks Research also issued estimates for Weyerhaeuser’s FY2024 earnings at $0.47 EPS.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year.

Other research analysts also recently issued reports about the stock. BMO Capital Markets restated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. DA Davidson reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada increased their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $32.13 on Thursday. The firm has a market cap of $23.37 billion, a PE ratio of 31.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The stock’s fifty day moving average price is $31.97 and its two-hundred day moving average price is $30.88. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 77.67%.

Insider Activity

In other news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Weyerhaeuser

Several hedge funds and other institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System boosted its stake in Weyerhaeuser by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after purchasing an additional 31,355 shares during the period. M&G Plc grew its stake in Weyerhaeuser by 16.2% during the second quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after acquiring an additional 273,291 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Weyerhaeuser by 243.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after acquiring an additional 242,744 shares during the period. Natixis lifted its stake in Weyerhaeuser by 1,026.4% in the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock worth $2,855,000 after purchasing an additional 72,440 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Weyerhaeuser by 52.3% in the 1st quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust’s stock worth $4,166,000 after purchasing an additional 39,845 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

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.