Weyerhaeuser Company (WY) Announces Quarterly Earnings Results

Weyerhaeuser Company (NYSE:WY) released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01, Bloomberg Earnings reports. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share.

Shares of Weyerhaeuser (NYSE WY) opened at 32.46 on Wednesday. The company has a 50-day moving average price of $33.33 and a 200 day moving average price of $33.27. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 25.52 and a beta of 1.40.

Several hedge funds have recently bought and sold shares of the company. Barnett & Company Inc. purchased a new stake in shares of Weyerhaeuser during the second quarter worth approximately $101,000. First Personal Financial Services boosted its stake in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Weyerhaeuser during the second quarter worth approximately $109,000. Alexandria Capital LLC boosted its stake in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its stake in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares in the last quarter. 76.21% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on WY. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser presently has an average rating of “Buy” and a consensus price target of $37.13.

About Weyerhaeuser

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.