Brokerages Expect Rayonier Inc. (RYN) to Post $0.20 EPS

Equities analysts expect that Rayonier Inc. (NYSE:RYN) will post earnings per share (EPS) of $0.20 for the current quarter, according to Zacks. Two analysts have made estimates for Rayonier’s earnings, with estimates ranging from $0.14 to $0.27. Rayonier also posted earnings per share of $0.20 in the same quarter last year. The firm is scheduled to issue its next earnings results on Wednesday, August 1st.

On average, analysts expect that Rayonier will report full-year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.78. For the next year, analysts expect that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.70 to $0.79. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.15. The business had revenue of $203.20 million during the quarter, compared to analyst estimates of $180.82 million. Rayonier had a return on equity of 6.92% and a net margin of 19.08%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS.

A number of research firms have weighed in on RYN. Raymond James set a $40.00 target price on Rayonier and gave the company a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research raised Rayonier from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, March 13th. ValuEngine raised Rayonier from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Citigroup began coverage on Rayonier in a report on Thursday, March 1st. They set a “neutral” rating and a $37.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.40.

Rayonier traded down $0.22, reaching $38.11, during mid-day trading on Friday, Marketbeat Ratings reports. 44,573 shares of the company traded hands, compared to its average volume of 825,884. The company has a quick ratio of 2.69, a current ratio of 3.00 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $5.07 billion, a PE ratio of 58.71, a PEG ratio of 10.83 and a beta of 0.30. Rayonier has a 52-week low of $27.71 and a 52-week high of $39.73.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, June 14th. This is an increase from Rayonier’s previous quarterly dividend of $0.25. Rayonier’s dividend payout ratio (DPR) is 153.85%.

Institutional investors and hedge funds have recently modified their holdings of the company. Synovus Financial Corp bought a new stake in shares of Rayonier during the 1st quarter valued at about $124,000. Quantbot Technologies LP bought a new stake in shares of Rayonier during the 1st quarter valued at about $138,000. TLP Group LLC boosted its position in shares of Rayonier by 1,819.3% during the 1st quarter. TLP Group LLC now owns 5,681 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 5,385 shares during the last quarter. Weil Company Inc. bought a new stake in shares of Rayonier during the 1st quarter valued at about $202,000. Finally, Advisor Group Inc. boosted its position in shares of Rayonier by 73.0% during the 4th quarter. Advisor Group Inc. now owns 6,618 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 2,793 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

About Rayonier

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2017, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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