Weyerhaeuser (NYSE:WY) Stock Plunges to Nine Month Low after Quarterly Results

Shares of The Federal Way, Washington-based Weyerhaeuser Company (NYSE:WY) plunged to record low in around 9 months after profit from land sales in the fiscal Q4 overshadowed weaker-than-projected earnings from wood products.

Shares of United States lumber producer and home builder tumbled 2.3% to settle at $30.77 at 12:58 PM in New York. Company’s stock earlier tumbled 4.9% and marked the key intraday drop since April 23.

The corporation reported today in a statement on Friday that fiscal Q4 net income over doubled to $143 million or 26 cents per share, assisted by so-called non-strategic land sales of $65 million.

Weyerhaeuser’s fiscal fourth-quarter sales moved up 24% to $2 billion from previous year.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Universal Forest Products, Inc. (NASDAQ:UFPI) rose +0.12% to settle at $40.30, Deltic Timber Corp (NYSE:DEL) moved up +0.50% to end at $72.58 while Leucadia National Corp. (NYSE:LUK) jumped +1.21% to finish at $25.10 on Friday.

Weyerhaeuser Company (NYSE:WY) last session’s volume of 9.76 million shares was surprisingly higher than its average volume of 3.94 million shares. The stock after opening at $31.00 hit high price of $31.15 and then closed at $30.95 by scoring -1.75%.

The liquidity measure in recent quarter results of the company was recorded 1.53 as current ratio and on the other side the debt to equity ratio was 0.99 and long-term debt to equity ratio remained at 0.91. The Company had total cash of $608.00 million at hand and a book value per share as $8.05 in the most recent quarter.

The stock’s price volatility was 1.94% for a week and 1.82% for a month as well as price volatility’s Average True Range for 14 days was 0.60 and its beta remained at 1.52.

WY generated revenue of $6.67 billion in the previous twelve months and earned $307.00 million. The Company showed a positive 4.60% in the net profit margin as well as in its operating margin which remained at 9.14%. Company’s annual sales growth for the past five years was -14.33%.

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