Weyerhaeuser (NYSE:WY) posted its earnings results on Friday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue was down 3.6% compared to the same quarter last year.
WY stock opened at $27.81 on Friday. The business’s 50-day moving average is $23.68 and its 200 day moving average is $23.32. Weyerhaeuser has a 12-month low of $13.10 and a 12-month high of $31.58. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 63.11 and a beta of 1.89. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.
WY has been the subject of a number of recent analyst reports. Raymond James cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Monday, May 4th. BMO Capital Markets cut their price target on Weyerhaeuser from $32.00 to $23.00 and set an “in-line” rating for the company in a research note on Monday, May 4th. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Saturday, June 20th. Finally, Scotiabank raised their price objective on Weyerhaeuser from $26.50 to $28.00 and gave the company 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 given a buy rating to the company’s stock. The company currently has an average 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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