Q2 2024 EPS Estimates for Weyerhaeuser Decreased by Zacks Research (NYSE:WY)

Weyerhaeuser (NYSE:WY - Free Report) - Research analysts at Zacks Research cut their Q2 2024 earnings per share (EPS) estimates for shares of Weyerhaeuser in a research note issued on Wednesday, April 24th. Zacks Research analyst S. Mukherjee now forecasts that the real estate investment trust will earn $0.28 per share for the quarter, down from their prior forecast of $0.30. The consensus estimate for Weyerhaeuser's current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Weyerhaeuser's Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.30 EPS, FY2025 earnings at $1.18 EPS, Q1 2026 earnings at $0.32 EPS and FY2026 earnings at $1.45 EPS.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The business's revenue for the quarter was down 4.5% compared to the same quarter last year.

WY has been the topic of a number of other reports. Royal Bank of Canada reiterated an "outperform" rating and set a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. BMO Capital Markets boosted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, March 22nd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a "neutral" rating in a research note on Wednesday, March 13th. Truist Financial reiterated a "hold" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, StockNews.com lowered Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $38.00.

Weyerhaeuser Stock Performance

Shares of NYSE WY traded down $0.08 during trading on Thursday, reaching $31.46. 2,473,841 shares of the stock traded hands, compared to its average volume of 3,415,265. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The stock has a market capitalization of $22.95 billion, a P/E ratio of 27.36 and a beta of 1.43. The company has a 50-day moving average of $33.98 and a 200-day moving average of $32.71.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors have recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Weyerhaeuser by 20.7% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 219,444 shares of the real estate investment trust's stock valued at $7,880,000 after acquiring an additional 37,600 shares during the period. V Square Quantitative Management LLC lifted its holdings in Weyerhaeuser by 17.6% in the 1st quarter. V Square Quantitative Management LLC now owns 19,378 shares of the real estate investment trust's stock worth $696,000 after buying an additional 2,897 shares during the period. Simplicity Wealth LLC purchased a new stake in Weyerhaeuser in the 1st quarter worth approximately $488,000. First Pacific Financial lifted its holdings in Weyerhaeuser by 4.9% in the 1st quarter. First Pacific Financial now owns 20,933 shares of the real estate investment trust's stock worth $752,000 after buying an additional 970 shares during the period. Finally, WASHINGTON TRUST Co lifted its holdings in Weyerhaeuser by 23.4% in the 1st quarter. WASHINGTON TRUST Co now owns 2,023 shares of the real estate investment trust's stock worth $73,000 after buying an additional 383 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company's stock, valued at $1,991,910.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. Weyerhaeuser's dividend payout ratio is 69.57%.

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.