Weyerhaeuser (NYSE:WY) Issues Earnings Results, Beats Estimates By $0.10 EPS
Weyerhaeuser (NYSE:WY) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.10, MarketWatch Earnings reports. Weyerhaeuser had a net margin of 5.47% and a return on equity of 4.09%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. Weyerhaeuser’s quarterly revenue was down 3.6% on a year-over-year basis.
Shares of NYSE:WY opened at $27.81 on Friday. The firm has a market capitalization of $21.19 billion, a PE ratio of 63.11 and a beta of 1.89. The business has a 50 day simple moving average of $23.68 and a two-hundred day simple moving average of $23.32. Weyerhaeuser has a 1 year low of $13.10 and a 1 year high of $31.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.11.
A number of equities analysts have commented on WY shares. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Saturday, June 20th. Raymond James lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research report on Monday, May 4th. BMO Capital Markets decreased their price objective on Weyerhaeuser from $32.00 to $23.00 and set an “in-line” rating on the stock in a research report on Monday, May 4th. Finally, Scotiabank lifted their target price on Weyerhaeuser from $26.50 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Weyerhaeuser has a consensus rating of “Hold” and a consensus price target of $27.00.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.
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