Zacks Research Increases Earnings Estimates for Weyerhaeuser

Weyerhaeuser (NYSE:WY) – Analysts at Zacks Research boosted their FY2024 earnings per share estimates for Weyerhaeuser in a research note issued to 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 estimate 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.

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

WY has been the topic of several other reports. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, December 6th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.57.

Weyerhaeuser Trading Down 1.6 %

NYSE WY opened at $28.04 on Monday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a fifty day simple moving average of $30.27 and a two-hundred day simple moving average of $30.74. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market cap of $20.37 billion, a P/E ratio of 37.89 and a beta of 1.42.

Weyerhaeuser Dividend Announcement

The business also recently declared 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. This represents a $0.80 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in Weyerhaeuser during the third quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Weyerhaeuser during the 2nd quarter valued at approximately $27,000. Bangor Savings Bank grew its stake in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.