Equities analysts predict that Rayonier Inc. (NYSE:RYN) will post sales of $163.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Rayonier’s earnings. The highest sales estimate is $164.10 million and the lowest is $162.91 million. Rayonier posted sales of $239.70 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 31.8%. The firm is expected to issue its next earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Rayonier will report full-year sales of $813.50 million for the current financial year, with estimates ranging from $812.91 million to $814.10 million. For the next year, analysts forecast that the firm will report sales of $812.10 million, with estimates ranging from $793.00 million to $831.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.12. The business had revenue of $200.90 million for the quarter, compared to analyst estimates of $179.87 million. Rayonier had a return on equity of 7.34% and a net margin of 18.48%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Rayonier from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. ValuEngine lowered Rayonier from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, BMO Capital Markets lowered Rayonier from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.50.

NYSE RYN traded up $0.03 during trading hours on Friday, reaching $31.27. The stock had a trading volume of 487,880 shares, compared to its average volume of 646,591. The firm has a market cap of $4.03 billion, a P/E ratio of 48.11, a P/E/G ratio of 7.71 and a beta of 0.43. Rayonier has a 52-week low of $29.27 and a 52-week high of $39.73. The company has a quick ratio of 2.14, a current ratio of 2.87 and a debt-to-equity ratio of 0.57.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.08 annualized dividend and a yield of 3.45%. Rayonier’s dividend payout ratio is presently 166.15%.

A number of institutional investors have recently added to or reduced their stakes in the business. Zacks Investment Management raised its stake in shares of Rayonier by 4.9% during the 2nd quarter. Zacks Investment Management now owns 34,495 shares of the real estate investment trust’s stock worth $1,335,000 after buying an additional 1,613 shares during the period. Interactive Financial Advisors raised its stake in shares of Rayonier by 114.9% during the 2nd quarter. Interactive Financial Advisors now owns 3,204 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 1,713 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Rayonier by 3.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 50,088 shares of the real estate investment trust’s stock worth $1,938,000 after buying an additional 1,753 shares during the period. Arizona State Retirement System raised its stake in shares of Rayonier by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 91,923 shares of the real estate investment trust’s stock worth $3,108,000 after buying an additional 2,088 shares during the period. Finally, Oakbrook Investments LLC raised its stake in shares of Rayonier by 35.2% during the 3rd quarter. Oakbrook Investments LLC now owns 8,074 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 86.53% of the company’s stock.

About Rayonier

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 June 30, 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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