Wall Street analysts expect that Rayonier Inc. (NYSE:RYN) will report $0.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Rayonier’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. Rayonier reported earnings of $0.07 per share in the same quarter last year, which would indicate a positive year over year growth rate of 57.1%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, August 2nd.
On average, analysts expect that Rayonier will report full-year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.37. For the next fiscal year, analysts expect that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.44 to $0.51. Zacks’ EPS averages are an average based on a survey of analysts that follow Rayonier.
Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.05. Rayonier had a net margin of 27.54% and a return on equity of 4.10%. The company had revenue of $186.50 million during the quarter, compared to analyst estimates of $159.31 million. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was up 38.4% on a year-over-year basis.
Several equities research analysts have recently weighed in on RYN shares. Vertical Research raised shares of Rayonier to a “buy” rating in a research report on Sunday, May 28th. BidaskClub lowered shares of Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Monday, April 17th. Finally, BMO Capital Markets reissued a “buy” rating and set a $31.00 target price on shares of Rayonier in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.80.
Rayonier (RYN) opened at 29.23 on Tuesday. Rayonier has a 1-year low of $25.24 and a 1-year high of $29.86. The firm has a 50-day moving average of $28.75 and a 200 day moving average of $28.36. The firm has a market cap of $3.61 billion, a P/E ratio of 15.56 and a beta of 0.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, September 14th. Rayonier’s dividend payout ratio is currently 53.48%.
In related news, Director Andrew G. Wiltshire bought 6,650 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was purchased at an average cost of $27.87 per share, for a total transaction of $185,335.50. Following the purchase, the director now directly owns 26,006 shares in the company, valued at $724,787.22. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in Rayonier by 1.8% in the first quarter. IFP Advisors Inc now owns 3,881 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 67 shares during the period. Envestnet Asset Management Inc. boosted 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 in the last quarter. Creative Planning boosted its position in Rayonier by 36.2% in 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 in the last quarter. Independent Portfolio Consultants Inc. purchased a new position in Rayonier during the second quarter valued at $157,000. Finally, Washington Trust Bank boosted 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 in the last quarter. Institutional investors own 82.36% of the company’s stock.
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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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