Weyerhaeuser (NYSE:WY) Issues Quarterly Earnings Results

Weyerhaeuser (NYSE:WY) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04, Zacks reports. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%.

Weyerhaeuser Stock Performance

WY stock traded up $0.52 during midday trading on Thursday, reaching $31.06. The company had a trading volume of 4,166,908 shares, compared to its average volume of 3,534,322. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $29.73 and a 200 day moving average price of $30.90. The firm has a market capitalization of $22.56 billion, a PE ratio of 41.97 and a beta of 1.42.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WY shares. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

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.