Zacks Research Forecasts Increased Earnings for Weyerhaeuser

Weyerhaeuser (NYSE:WY) – Equities researchers at Zacks Research upped their FY2024 earnings estimates for shares of Weyerhaeuser in a research report issued to clients and investors on Thursday, January 2nd. Zacks Research analyst S. Mukherjee now forecasts that the real estate investment trust will post earnings per share of $0.48 for the year, up from their prior forecast of $0.47. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.46 per share. Zacks Research also issued estimates for Weyerhaeuser’s Q1 2025 earnings at $0.17 EPS.

WY has been the subject of several other research reports. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Truist Financial decreased 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. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.57.

Weyerhaeuser Stock Up 0.5 %

Shares of NYSE:WY opened at $28.49 on Monday. The firm has a market cap of $20.70 billion, a P/E ratio of 38.50 and a beta of 1.42. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The business has a fifty day simple moving average of $30.33 and a 200 day simple moving average of $30.75. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the stock. Inspire Trust Co. N.A. raised its stake in Weyerhaeuser by 148.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after buying an additional 75,000 shares during the period. Franklin Resources Inc. raised its position in shares of Weyerhaeuser by 10.2% during the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after purchasing an additional 67,314 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of Weyerhaeuser by 9.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock worth $10,383,000 after purchasing an additional 25,554 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock worth $2,875,000 after purchasing an additional 14,911 shares in the last quarter. Finally, Quest Partners LLC grew its position in Weyerhaeuser by 146.4% in the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock valued at $3,272,000 after purchasing an additional 57,412 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. Weyerhaeuser’s payout ratio is presently 108.11%.

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.