Wall Street brokerages expect Weyerhaeuser (NYSE:WY) to announce $1.79 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Weyerhaeuser’s earnings, with the lowest sales estimate coming in at $1.78 billion and the highest estimate coming in at $1.79 billion. Weyerhaeuser reported sales of $1.69 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The business is expected to report its next earnings report before the market opens on Friday, April 27th.
According to Zacks, analysts expect that Weyerhaeuser will report full-year sales of $1.79 billion for the current fiscal year, with estimates ranging from $7.32 billion to $7.55 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.52 billion per share, with estimates ranging from $7.43 billion to $7.62 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis.
In other news, VP Jeanne M. Hillman sold 15,389 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Eagle Ridge Investment Management boosted its holdings in shares of Weyerhaeuser by 3.0% in the 4th quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock worth $6,676,000 after acquiring an additional 5,439 shares in the last quarter. Atlantic Trust Group LLC lifted its holdings in Weyerhaeuser by 8.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock worth $12,249,000 after buying an additional 27,233 shares in the last quarter. North Star Asset Management Inc. lifted its holdings in Weyerhaeuser by 13.1% during the 4th quarter. North Star Asset Management Inc. now owns 34,045 shares of the real estate investment trust’s stock worth $1,200,000 after buying an additional 3,948 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Weyerhaeuser by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock worth $40,735,000 after buying an additional 7,084 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Weyerhaeuser by 3.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 115,879 shares of the real estate investment trust’s stock worth $4,126,000 after buying an additional 4,094 shares in the last quarter. 76.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of WY stock traded up $0.14 during trading hours on Tuesday, hitting $35.42. The company had a trading volume of 5,043,900 shares, compared to its average volume of 4,416,987. Weyerhaeuser has a 12 month low of $30.95 and a 12 month high of $37.89. The firm has a market cap of $26,826.35, a P/E ratio of 30.80, a P/E/G ratio of 5.23 and a beta of 1.37. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, March 1st. Weyerhaeuser’s payout ratio is currently 111.30%.
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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.
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