Weyerhaeuser (NYSE:WY) Posts Earnings Results, Beats Estimates By $0.04 EPS

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

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $30.64 on Friday. The stock has a fifty day moving average price of $29.72 and a 200 day moving average price of $30.91. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a market capitalization of $22.27 billion, a P/E ratio of 41.41 and a beta of 1.42. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. CIBC upgraded 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. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target 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.