Weyerhaeuser (WY) to Release Earnings on Thursday

Weyerhaeuser (NYSE:WY) will likely be releasing its earnings data after the market closes on Thursday, January 30th. Analysts expect Weyerhaeuser to post earnings of $0.07 per share and revenue of $1.72 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $30.75 on Wednesday. The business’s 50 day moving average price is $29.73 and its 200 day moving average price is $30.89. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 41.55 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. 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, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Analysts Set New Price Targets

WY has been the subject of a number of recent research reports. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Friday, January 17th. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Finally, Citigroup reduced their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

About Weyerhaeuser

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.