Analysts forecast that Rayonier Inc. (NYSE:RYN) will report earnings per share of $0.09 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Rayonier’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.11. Rayonier posted earnings of $0.05 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, February 7th.
According to Zacks, analysts expect that Rayonier will report full year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.56. For the next financial year, analysts expect that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.45 to $0.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Rayonier.
Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. Rayonier had a return on equity of 6.33% and a net margin of 16.19%. The business had revenue of $177.90 million during the quarter, compared to the consensus estimate of $144.06 million. During the same period in the prior year, the business posted $0.33 earnings per share. Rayonier’s revenue was up 3.8% compared to the same quarter last year.
Several equities research analysts have recently commented on RYN shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $29.00 target price on shares of Rayonier in a report on Wednesday, November 15th. Zacks Investment Research downgraded Rayonier from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $31.00 target price on shares of Rayonier in a report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Rayonier has a consensus rating of “Buy” and a consensus target price of $31.50.
Shares of Rayonier (NYSE RYN) traded down $0.95 during midday trading on Wednesday, hitting $32.65. The stock had a trading volume of 1,027,818 shares, compared to its average volume of 532,201. Rayonier has a twelve month low of $26.84 and a twelve month high of $33.65. The stock has a market capitalization of $4,332.10, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 12.39 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.74.
A number of large investors have recently bought and sold shares of RYN. BlackRock Inc. raised its position in Rayonier by 6.5% during the second quarter. BlackRock Inc. now owns 12,050,093 shares of the real estate investment trust’s stock valued at $346,681,000 after buying an additional 732,408 shares during the period. Vanguard Group Inc. raised its position in Rayonier by 5.5% during the second quarter. Vanguard Group Inc. now owns 10,611,621 shares of the real estate investment trust’s stock valued at $305,296,000 after buying an additional 551,924 shares during the period. Pictet Asset Management Ltd. raised its position in Rayonier by 25.7% during the third quarter. Pictet Asset Management Ltd. now owns 2,205,523 shares of the real estate investment trust’s stock valued at $63,717,000 after buying an additional 451,033 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Rayonier by 2,414.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 352,006 shares of the real estate investment trust’s stock valued at $10,127,000 after buying an additional 338,006 shares during the period. Finally, Prudential Financial Inc. raised its position in Rayonier by 54.4% during the third quarter. Prudential Financial Inc. now owns 846,146 shares of the real estate investment trust’s stock valued at $24,445,000 after buying an additional 298,040 shares during the period. 83.54% of the stock is currently owned by hedge funds and other institutional investors.
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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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