Rayonier Inc. (RYN) Expected to Announce Earnings of $0.09 Per Share
Wall Street analysts expect Rayonier Inc. (NYSE:RYN) to post earnings per share of $0.09 for the current quarter, according to Zacks. Two analysts have issued estimates for Rayonier’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.06. Rayonier posted earnings of $0.05 per share in the same quarter last year, which suggests a positive year over year growth rate of 80%. The firm is expected to announce its next earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Rayonier will report full-year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.56. For the next financial year, analysts expect that the company will post earnings of $0.54 per share, with EPS estimates ranging from $0.45 to $0.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Rayonier.
Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. Rayonier had a return on equity of 3.89% and a net margin of 17.06%. The company had revenue of $177.90 million for the quarter, compared to analyst estimates of $144.06 million. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.
A number of equities analysts have weighed in on RYN shares. Royal Bank Of Canada restated a “hold” rating and issued a $29.00 target price on shares of Rayonier in a research note on Wednesday. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Monday, November 6th. BMO Capital Markets restated a “hold” rating and issued a $31.00 target price on shares of Rayonier in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.25.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its holdings in Rayonier by 22.0% during the second quarter. Advisor Group Inc. now owns 3,566 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 642 shares during the period. Riverhead Capital Management LLC lifted its holdings in Rayonier by 88.0% during the second quarter. Riverhead Capital Management LLC now owns 4,324 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 2,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Rayonier by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,772 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 351 shares during the period. Enterprise Financial Services Corp purchased a new stake in Rayonier during the second quarter worth $144,000. Finally, Creative Planning lifted its holdings in Rayonier by 36.2% during the second quarter. Creative Planning now owns 5,326 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 1,417 shares during the period. Hedge funds and other institutional investors own 82.83% of the company’s stock.
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Rayonier (NYSE RYN) traded up $0.67 during trading hours on Wednesday, hitting $30.99. The company had a trading volume of 444,300 shares, compared to its average volume of 551,867. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.74. Rayonier has a 12 month low of $26.07 and a 12 month high of $31.67. The company has a market cap of $3,909.21, a price-to-earnings ratio of 61.88, a price-to-earnings-growth ratio of 11.28 and a beta of 0.36.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.23%. Rayonier’s payout ratio is 95.24%.
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.
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