Brokerages expect Rayonier Inc. (NYSE:RYN) to announce $0.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. 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 per share of $0.06 in the same quarter last year, which suggests a positive year over year growth rate of 133.3%. The company is expected to report its next quarterly earnings report on Wednesday, October 27th.
According to Zacks, 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 year, analysts forecast that the company will report earnings of $0.51 per share, with EPS estimates ranging from $0.50 to $0.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Rayonier.
Rayonier (NYSE:RYN) last announced its quarterly earnings results 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 net margin of 8.74% and a return on equity of 3.16%. The business had revenue of $291.40 million during the quarter, compared to the consensus estimate of $211.33 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue was up 49.0% compared to the same quarter last year.
In other Rayonier news, VP W. Rhett Rogers sold 6,243 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $36.70, for a total transaction of $229,118.10. Following the sale, the vice president now directly owns 28,924 shares of the company’s stock, valued at approximately $1,061,510.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO April J. Tice sold 925 shares of the firm’s stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $37.75, for a total transaction of $34,918.75. Following the sale, the chief accounting officer now directly owns 12,653 shares in the company, valued at $477,650.75. The disclosure for this sale can be found here. Insiders have sold a total of 16,244 shares of company stock worth $611,012 over the last ninety days. 0.98% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP acquired a new stake in shares of Rayonier in the second quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Rayonier by 258.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,074 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 774 shares during the last quarter. FMR LLC boosted its position in shares of Rayonier by 119.5% in the first quarter. FMR LLC now owns 1,473 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 802 shares during the last quarter. BDO Wealth Advisors LLC boosted its position in shares of Rayonier by 103.2% in the second quarter. BDO Wealth Advisors LLC now owns 1,770 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 899 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Rayonier by 21.4% in the first quarter. Van ECK Associates Corp now owns 2,001 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 353 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.
NYSE:RYN traded down $0.66 during mid-day trading on Wednesday, hitting $36.65. 28,692 shares of the company’s stock traded hands, compared to its average volume of 650,998. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.62 and a current ratio of 1.71. The firm’s 50 day simple moving average is $36.99 and its 200 day simple moving average is $35.99. Rayonier has a 1 year low of $25.05 and a 1 year high of $38.98. The company has a market cap of $5.18 billion, a PE ratio of 67.84 and a beta of 0.94.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $1.08 annualized dividend and a yield of 2.95%. Rayonier’s dividend payout ratio (DPR) is currently 432.00%.
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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