Wall Street brokerages expect Rayonier Inc. (NYSE:RYN) to post earnings per share of $0.12 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Rayonier’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. Rayonier posted earnings per share of $0.28 in the same quarter last year, which would suggest a negative year over year growth rate of 57.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Rayonier will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.56. For the next year, analysts anticipate that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.52 to $0.67. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.09. The business had revenue of $191.50 million during the quarter, compared to the consensus estimate of $184.31 million. Rayonier had a net margin of 10.75% and a return on equity of 5.16%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS.

Several research firms have recently issued reports on RYN. Zacks Investment Research downgraded shares of Rayonier from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. TheStreet raised shares of Rayonier from a “c+” rating to a “b-” rating in a research note on Tuesday, April 16th. Seaport Global Securities began coverage on shares of Rayonier in a research note on Tuesday, April 2nd. They set a “neutral” rating and a $31.74 price target for the company. Finally, BMO Capital Markets raised shares of Rayonier from an “underperform” rating to a “market perform” rating and set a $28.98 price target for the company in a research note on Friday, February 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Rayonier presently has a consensus rating of “Hold” and a consensus target price of $30.91.

In other news, CFO Mark Mchugh sold 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $32.62, for a total transaction of $326,200.00. Following the completion of the transaction, the chief financial officer now owns 61,613 shares of the company’s stock, valued at $2,009,816.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new position in shares of Rayonier during the first quarter valued at $72,000. FMR LLC increased its position in shares of Rayonier by 119.5% during the first quarter. FMR LLC now owns 1,473 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 802 shares during the period. HighTower Advisors LLC increased its position in shares of Rayonier by 5.4% during the first quarter. HighTower Advisors LLC now owns 25,640 shares of the real estate investment trust’s stock worth $811,000 after buying an additional 1,304 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Rayonier by 10.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,811 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 965 shares during the period. Finally, SEI Investments Co increased its position in shares of Rayonier by 30.7% during the first quarter. SEI Investments Co now owns 18,464 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 4,342 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

NYSE:RYN traded down $0.07 on Monday, hitting $28.08. The company had a trading volume of 431,113 shares, compared to its average volume of 586,302. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 35.54 and a beta of 0.74. Rayonier has a 52 week low of $26.30 and a 52 week high of $39.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 2.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, June 13th. Rayonier’s payout ratio is currently 136.71%.

Rayonier Company Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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Earnings History and Estimates for Rayonier (NYSE:RYN)

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