Wall Street analysts forecast that Rayonier Inc. (NYSE:RYN) will post $0.14 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Rayonier’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.17. Rayonier reported earnings of $0.06 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 133.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 27th.
On average, analysts expect that Rayonier will report full-year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.42 to $0.56. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.50 to $0.52. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Rayonier.
Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.12. Rayonier had a return on equity of 3.16% and a net margin of 8.74%. The company had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $211.33 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue was up 49.0% on a year-over-year basis.
Shares of NYSE RYN opened at $36.50 on Wednesday. The business’s 50 day moving average is $37.04 and its 200-day moving average is $35.90. Rayonier has a 1-year low of $25.05 and a 1-year high of $38.98. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5.16 billion, a P/E ratio of 66.36 and a beta of 0.94.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $1.08 annualized dividend and a dividend yield of 2.96%. Rayonier’s payout ratio is 432.00%.
In other news, VP W. Rhett Rogers sold 6,243 shares of Rayonier stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $36.70, for a total value of $229,118.10. Following the transaction, the vice president now owns 28,924 shares in the company, valued at approximately $1,061,510.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO April J. Tice sold 925 shares of the firm’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $37.75, for a total value of $34,918.75. Following the sale, the chief accounting officer now directly owns 12,653 shares in the company, valued at approximately $477,650.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,244 shares of company stock worth $611,012. Corporate insiders own 0.98% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Timber Creek Capital Management LLC boosted its holdings in shares of Rayonier by 16.2% during the 2nd quarter. Timber Creek Capital Management LLC now owns 181,634 shares of the real estate investment trust’s stock valued at $6,526,000 after acquiring an additional 25,310 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Rayonier during the 1st quarter worth about $4,665,000. New York State Common Retirement Fund lifted its holdings in Rayonier by 3.0% during the 2nd quarter. New York State Common Retirement Fund now owns 188,400 shares of the real estate investment trust’s stock worth $6,769,000 after buying an additional 5,500 shares during the period. State of Alaska Department of Revenue lifted its holdings in Rayonier by 9.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 79,662 shares of the real estate investment trust’s stock worth $2,861,000 after buying an additional 6,798 shares during the period. Finally, CoreCommodity Management LLC lifted its holdings in Rayonier by 41.2% during the 1st quarter. CoreCommodity Management LLC now owns 36,374 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 10,617 shares during the period. 90.88% of the stock is currently owned by institutional investors.
Rayonier Company Profile
Rayonier, Inc is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, Timber Funds and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography.
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