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Weyerhaeuser Co. (WY)

  • Apr. 25, 2014, 11:42 AM
    • Timberlands segment net sales of $377M up from $364M in Q4, with contribution to pre-tax earnings of $164M up from $134M. The Q2 outlook is for comparable earnings as boosted Chinese export log sales will be more than offset by lower average prices.
    • Wood Products segment net sales of $898M fell from $926M in Q4, with contribution to pre-tax earnings of $64M up from $58M, "despite the effect of the severe winter weather." The Q2 outlook is for significantly higher earnings thanks to seasonally higher sales across all product lines and slightly higher prices for OSB and engineered wood products.
    • Cellulose Fibers segment net sales of $461M vs. $478M in Q4. Q2 outlook is for significantly higher earnings.
    • Real Estate net sales of $248M down from $488M due to seasonal issues.
    • Previously: Weyerhaeuser EPS beats, revenue misses
    • WY +1.7%
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  • Aug. 20, 2013, 9:07 AM
    • Longbow Research spots value in Weyerhaeuser (WY) after this summer's selloff with the spinoff of its homebuilding unit a near-term catalyst. The team's price target is $34.
    • Previous: Weyerhauser draws interest for its real estate operation.
    • Shares +1.3% premarket.
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  • May. 14, 2013, 8:35 AM
    Weyerhaeuser (WY) moves 1.72% higher premarket after Raymond James upgrades the shares to Strong Buy from Outperform (price target $36).
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  • Aug. 27, 2012, 1:27 PM
    Weyerhaeuser (WY +1%) gets a bump higher after BMO upped the shares to Market Perform earlier today, speculating that surging lumber and panel prices should give a boost to its bottom line and prompt the company to pay out larger cash distributions in 2013 and 2014. Barron's also highlighted the company over the weekend, noting that signs of a housing rebound are likely to lift the shares.
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  • Feb. 6, 2012, 12:13 PM
    Shares of Weyerhaeuser (WY -3.3%) get hit by a couple valuation downgrades this morning - UBS to Sell and DA Davidson to Neutral - following the company's cautious 2012 guidance issued on Friday.
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  • Feb. 3, 2012, 10:47 AM
    Weyerhaeuser (WY +4.2%) trades up in relief after its Q4 beats consensus estimates despite a 62% Y/Y drop in earnings on slowing sales and write-downs. Wood products - the company's biggest segment by sales - saw revenue decline 14% Q/Q, while its loss from continuing operations also widened sequentially, but the hit was not as great as anticipated.
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  • Jun. 27, 2011, 12:49 PM
    Universal Forest Products (UFPI -11.7%)) drops to a new 52-week low after saying sales through May were worse than expected, and demand will be weak for the remainder of FY11. As a result, it plans to cut costs through layoffs and reduced spending.
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  • Jun. 7, 2011, 2:52 PM
    International Paper (IP +1.1%) and Temple-Inland (TIN +42.3%) are in focus after IP's $30.60/share bid was rejected despite being a 46% premium to Monday's closing price. Other packaging and paper stocks rally on calls from bullish analysts that the industry is heading for consolidation: PKG +6.9%, WY +6.2%, BZ +5.6%, KS +4.3%, RKT +3.1%.
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  • May. 27, 2011, 9:26 AM
    Weyerhauser (WY) -3.4% premarket after shares are downgraded to Sell from Hold at Deutsche Bank, citing mounting evidence of a downward correction in West Coast log markets. "The stock has been heavily promoted in recent months by 'timber bulls' and driven by the big gains in Chinese export volumes," setting up shares for a pullback.
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Company Description
Weyerhaeuser Co is a real estate investment trust. It is a private owner of timberlands. The Company owns or controls nearly seven million acres of timberlandsin the U.S., and managesadditional timberlands under long-term licenses in Canada.
Sector: Financial
Country: United States