Rayonier Inc. (RYN) Expected to Post Earnings of $0.05 Per Share
Brokerages forecast that Rayonier Inc. (NYSE:RYN) will report $0.05 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Rayonier’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.08. Rayonier posted earnings per share of $0.33 during the same quarter last year, which would suggest a negative year-over-year growth rate of 84.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Rayonier will report full year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.42 to $0.48. For the next year, analysts expect that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.45 to $0.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Rayonier.
Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.09. The firm had revenue of $194.70 million for the quarter, compared to analyst estimates of $151.50 million. Rayonier had a return on equity of 5.03% and a net margin of 19.10%. The business’s quarterly revenue was up 47.4% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Vertical Research upgraded shares of Rayonier to a “buy” rating in a research note on Sunday, May 28th. BMO Capital Markets lowered shares of Rayonier from an “outperform” rating to a “market perform” rating and set a $31.00 price objective for the company. in a research note on Monday, August 14th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $28.00 price target on shares of Rayonier in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.00.
Rayonier (NYSE RYN) opened at 28.34 on Monday. The stock has a 50 day moving average price of $28.60 and a 200 day moving average price of $28.52. Rayonier has a 52-week low of $25.24 and a 52-week high of $29.86. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 23.88 and a beta of 0.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, September 14th. Rayonier’s payout ratio is currently 84.75%.
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Large investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its stake in shares of Rayonier by 22.0% in 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 in the last quarter. Riverhead Capital Management LLC increased 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 valued at $124,000 after buying an additional 2,024 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $137,000 after buying an additional 351 shares during the last quarter. Enterprise Financial Services Corp purchased a new stake in Rayonier during the second quarter valued at approximately $144,000. Finally, Creative Planning increased 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 valued at $153,000 after buying an additional 1,417 shares during the last quarter. 82.40% of the stock is currently owned by institutional investors and hedge funds.
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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