Rayonier Inc. (RYN) Anticipated to Announce Revenue of $0.11 Per Share

Rayonier Inc. (RYN) Anticipated to Announce Revenue of $0.11 Per Share

Equities research analysts expect that Rayonier Inc. (NYSE:RYN) will announce earnings per share of $0.11 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Rayonier’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.09. Rayonier reported earnings per share of $0.07 in the same quarter last year, which suggests a positive year over year growth rate of 57.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Rayonier will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.37. For the next financial year, analysts anticipate that the business will post earnings of $0.48 per share, with EPS estimates ranging from $0.45 to $0.51. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Rayonier.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The firm had revenue of $186.50 million for the quarter, compared to the consensus estimate of $159.31 million. Rayonier had a return on equity of 9.13% and a net margin of 18.81%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share.

A number of analysts have recently issued reports on RYN shares. DA Davidson cut Rayonier from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Friday, February 10th. They noted that the move was a valuation call. Vertical Research cut Rayonier from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Zacks Investment Research upgraded Rayonier from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, BMO Capital Markets restated a “buy” rating and set a $31.00 price objective on shares of Rayonier in a research report on Thursday, March 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.80.

Rayonier (RYN) traded down 0.03% during midday trading on Friday, reaching $28.60. The company’s stock had a trading volume of 71,135 shares. Rayonier has a 1-year low of $24.47 and a 1-year high of $29.86. The firm has a 50 day moving average price of $28.12 and a 200 day moving average price of $27.95. The firm has a market capitalization of $3.53 billion, a PE ratio of 15.23 and a beta of 0.37.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, June 14th. Rayonier’s dividend payout ratio (DPR) is 58.14%.

In related news, Director Andrew G. Wiltshire purchased 6,650 shares of the stock in a transaction on Wednesday, May 10th. The shares were purchased at an average cost of $27.87 per share, for a total transaction of $185,335.50. Following the completion of the transaction, the director now directly owns 26,006 shares of the company’s stock, valued at approximately $724,787.22. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Rayonier by 3.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 51,799 shares of the real estate investment trust’s stock worth $1,378,000 after buying an additional 1,710 shares during the period. Comerica Bank boosted its stake in shares of Rayonier by 6.1% in the fourth quarter. Comerica Bank now owns 92,626 shares of the real estate investment trust’s stock worth $2,556,000 after buying an additional 5,286 shares during the period. Twin Capital Management Inc. bought a new stake in shares of Rayonier during the fourth quarter worth $1,173,000. Cadence Capital Management LLC bought a new stake in shares of Rayonier during the fourth quarter worth $280,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Rayonier during the fourth quarter worth $900,000. Hedge funds and other institutional investors own 84.66% of the company’s stock.

Rayonier Company Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RYN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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