$0.09 Earnings Per Share Expected for Rayonier Inc. (RYN) This Quarter
Equities research analysts forecast that Rayonier Inc. (NYSE:RYN) will post earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Rayonier’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.11. Rayonier posted earnings per share of $0.11 in the same quarter last year, which indicates a negative year-over-year growth rate of 18.2%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 3rd.
On average, analysts expect that Rayonier will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.37. For the next financial year, analysts forecast that the business will post earnings of $0.47 per share, with EPS estimates ranging from $0.45 to $0.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Rayonier.
Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, February 8th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. Rayonier had a net margin of 26.89% and a return on equity of 4.85%. The company had revenue of $142.80 million for the quarter, compared to the consensus estimate of $127.77 million. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Rayonier from a “hold” rating to a “sell” rating in a research report on Tuesday, January 17th. Raymond James Financial, Inc. raised Rayonier from a “market perform” rating to an “outperform” rating in a research report on Monday, January 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $31.00 target price on shares of Rayonier in a research report on Wednesday. DA Davidson lowered Rayonier from a “buy” rating to a “neutral” rating in a research report on Thursday, February 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $27.00 target price on shares of Rayonier in a research report on Friday, January 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Rayonier currently has a consensus rating of “Buy” and a consensus target price of $29.80.
In other news, SVP Douglas M. Long sold 2,305 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $29.51, for a total transaction of $68,020.55. Following the completion of the transaction, the senior vice president now owns 8,556 shares in the company, valued at approximately $252,487.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of RYN. Sei Investments Co. increased its position in Rayonier by 68.4% in the third quarter. Sei Investments Co. now owns 3,859 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 1,568 shares during the last quarter. Creative Planning increased its position in Rayonier by 1.0% in the third quarter. Creative Planning now owns 3,942 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 40 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Rayonier during the third quarter valued at $122,000. Envestnet Asset Management Inc. increased its position in Rayonier by 140.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,733 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 3,348 shares during the last quarter. Finally, Washington Trust Bank increased its position in Rayonier by 2,490.8% in the first quarter. Washington Trust Bank now owns 7,021 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 6,750 shares during the last quarter. Institutional investors own 84.66% of the company’s stock.
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Rayonier (NYSE:RYN) traded down 0.10% during mid-day trading on Tuesday, hitting $28.84. 573,283 shares of the stock were exchanged. Rayonier has a 1-year low of $24.37 and a 1-year high of $29.86. The company has a market capitalization of $3.54 billion, a PE ratio of 16.68 and a beta of 0.37. The stock has a 50 day moving average price of $28.49 and a 200 day moving average price of $27.54.
The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.47%. Rayonier’s payout ratio is 58.14%.
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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