Zacks Research Comments on Weyerhaeuser’s Q2 2024 Earnings (NYSE:WY)

Weyerhaeuser (NYSE:WY) – Equities researchers at Zacks Research lowered their Q2 2024 earnings per share estimates for shares of Weyerhaeuser in a research report issued on Wednesday, April 24th. Zacks Research analyst S. Mukherjee now expects that the real estate investment trust will post earnings per share of $0.28 for the quarter, down from their previous estimate 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) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS.

A number of other research analysts have also issued reports on the company. Truist Financial restated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report 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 report on Friday, March 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Price Performance

Shares of WY opened at $31.46 on Thursday. The firm has a market cap of $22.95 billion, a price-to-earnings ratio of 27.36 and a beta of 1.43. The stock has a 50 day moving average of $33.98 and a 200-day moving average of $32.71. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.54%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is presently 69.57%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was 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 approximately $1,991,910.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value 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 disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock valued at $1,455,609 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Weyerhaeuser

Hedge funds and other institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter worth $26,000. American National Bank grew its holdings in shares of Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Weyerhaeuser in the 3rd quarter worth $25,000. Raleigh Capital Management Inc. grew its holdings in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 728 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

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.