Weyerhaeuser Co(NYSE:WY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 3, 2017. Earnings per share were $0.14. The reported EPS was below estimates by -12.5%. Analysts had estimated an EPS of $0.16.
In a different note, On Jan 9, 2017, Raymond James said it Upgrades its rating on Weyerhaeuser Co. The shares have been rated ‘Strong Buy’ by the firm.
Weyerhaeuser Co (WY) made into the market gainers list on Tuesdays trading session with the shares advancing 2.01% or 0.63 points. Due to strong positive momentum, the stock ended at $32.05, which is also near the day’s high of $32.175. The stock began the session at $31.56 and the volume stood at 56,99,380 shares. The 52-week high of the shares is $33.28 and the 52 week low is $22.06. The company has a current market capitalization of $23,990 M and it has 74,85,28,000 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Dec 12, 2016, Denise M Merle (Senior Vice President) sold 6,503 shares at $33.00 per share price.Also, On Aug 16, 2016, Catherine I Slater (Senior Vice President) sold 11,609 shares at $31.81 per share price.On Aug 11, 2016, Jeanne M Hillman (VP & Chief Accounting Officer) sold 59,686 shares at $32.58 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.