$ 2.24 billion in expected sales for Weyerhaeuser (NYSE: WY) this quarter
Equity research analysts predict that Weyerhaeuser (NYSE: WY) will report sales of $ 2.24 billion for the current quarter, according to Zacks Investment Research. Two analysts have estimated Weyerhaeuser’s earnings, with estimates ranging from $ 2.13 billion to $ 2.35 billion. Weyerhaeuser reported sales of $ 2.06 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The company is expected to release its next earnings report on Friday, February 4.
According to Zacks, analysts expect Weyerhaeuser to report annual revenue of $ 10.43 billion for the current fiscal year, with estimates ranging from $ 10.12 billion to $ 10.75 billion. dollars. For the next fiscal year, analysts predict the company will post revenue of $ 9.34 billion, with estimates ranging from $ 8.98 billion to $ 9.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research companies that cover Weyerhaeuser.
Weyerhaeuser (NYSE: WY) last reported its quarterly results on Thursday, October 28. The REIT reported $ 0.60 of EPS for the quarter, beating the Zacks’ consensus estimate by $ 0.56 by $ 0.04. Weyerhaeuser recorded a return on equity of 25.96% and a net margin of 24.69%. The company posted revenue of $ 3.14 billion in the quarter, compared to a consensus estimate of $ 2.33 billion. In the same quarter of the previous year, the company made a profit of $ 0.52 per share. The company’s revenue for the quarter increased 49.0% year-over-year.
WY has been the subject of several research reports. Raymond James raised his price target on Weyerhaeuser from $ 45 to $ 50.00 and gave the company a “strong buy” rating in a research note on Monday, November 22. Zacks Investment Research downgraded Weyerhaeuser from a “sell” rating to a “conservation” rating and set a price target of $ 38.00 for the company in a report released on Monday, October 4. Two equity research analysts rated the stock with a conservation rating, three issued a buy rating, and one gave the stock a high buy rating. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Buy” and an average price target of $ 40.00.
NYSE WY shares opened at $ 38.46 on Wednesday. Weyerhaeuser has a one-year low at $ 30.87 and a one-year high at $ 41.68. The company has a 50-day moving average of $ 37.99 and a 200-day moving average of $ 36.09. The company has a leverage ratio of 0.49, a current ratio of 2.32, and a quick ratio of 2.00. The company has a market cap of $ 28.81 billion, a price-to-earnings ratio of 11.62 and a beta of 1.74.
The company also recently announced a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, December 3 received a dividend of $ 0.17 per share. This represents a dividend of $ 0.68 on an annualized basis and a return of 1.77%. The ex-dividend date of this dividend was Thursday, December 2. Weyerhaeuser’s dividend payout ratio is currently 20.54%.
Several hedge funds have recently changed their positions in the company. Vanguard Group Inc. increased its stake in Weyerhaeuser shares by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 118,328,851 real estate investment trust shares valued at $ 4,072,879,000 after purchasing an additional 1,497,287 shares during the period. BlackRock Inc. increased its position in Weyerhaeuser shares by 2.4% during the 3rd quarter. BlackRock Inc. now owns 57,127,165 REIT shares valued at $ 2,032,013,000 after purchasing an additional 1,344,717 shares during the last quarter. Cohen & Steers Inc. increased its position in Weyerhaeuser shares by 3.2% during the 3rd quarter. Cohen & Steers Inc. now owns 37,392,313 REIT shares valued at $ 1,330,363,000 after purchasing an additional 1,164,899 shares in the last quarter. State Street Corp increased its stake in Weyerhaeuser shares by 4.4% during the 2nd quarter. State Street Corp now owns 29,341,717 REITs worth $ 1,009,942,000 after acquiring an additional 1,223,498 shares during the period. Finally, Invesco Ltd. increased its stake in Weyerhaeuser shares by 7.7% during the 3rd quarter. Invesco Ltd. now owns 17,186,930 real estate investment trust shares worth $ 611,337,000 after acquiring an additional 1,235,089 shares during the period. 81.79% of the shares are held by institutional investors.
Weyerhaeuser Co is engaged in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR) and Wood Products. The Timberlands segment manages privately-owned commercial forests around the world, dedicated to growing and harvesting trees for lumber, construction, pulp, paper and other wood products.
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