Weyerhaeuser Co (WY) reported quarterly earnings results on Friday, May-6-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.20. The company posted revenue of $1741.00 million in the period, compared to analysts expectations of $1972.56 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Many Wall Street Analysts have commented on Weyerhaeuser Co. Shares were Reiterated by Argus on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $43 .
Weyerhaeuser Co closed down -0.13 points or -0.41% at $31.44 with 52,08,861 shares getting traded on Wednesday. Post opening the session at $31.4, the shares hit an intraday low of $31.31 and an intraday high of $31.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 21, 2015, Denise M Merle (Senior Vice President) sold 2,580 shares at $30.74 per share price. According to the SEC, on Nov 20, 2015, Patricia M Bedient (Executive Vice President & CFO) sold 18,581 shares at $32.00 per share price. On Oct 23, 2015, Rhonda D Hunter (Sr. Vice President) sold 3,291 shares at $30.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber as well as manufacturing distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands primarily in the United States and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Company’s operational segments include Timberlands Wood Products and Cellulose Fibers. The Company’s Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products such as diapers.