Rayonier (NYSE:RYN) will be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Rayonier to post earnings of $0.03 per share for the quarter. Rayonier has set its FY 2019 guidance at $0.42-0.49 EPS and its FY19 guidance at $0.42-0.49 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The company had revenue of $184.80 million for the quarter, compared to analysts’ expectations of $196.11 million. Rayonier had a return on equity of 4.18% and a net margin of 9.28%. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, analysts expect Rayonier to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of RYN stock opened at $29.19 on Tuesday. Rayonier has a twelve month low of $25.83 and a twelve month high of $32.92. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 36.95 and a beta of 0.78. The business’s fifty day moving average is $28.35 and its 200 day moving average is $29.28. The company has a quick ratio of 2.29, a current ratio of 2.56 and a debt-to-equity ratio of 0.61.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.70%. Rayonier’s dividend payout ratio is currently 136.71%.
A number of equities research analysts have recently commented on the company. ValuEngine raised Rayonier from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets cut their target price on Rayonier from $34.00 to $30.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. TheStreet cut Rayonier from a “b-” rating to a “c” rating in a research note on Wednesday, August 7th. Finally, Bank of America cut their target price on Rayonier from $32.00 to $31.00 and set an “underperform” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Rayonier currently has a consensus rating of “Hold” and a consensus price target of $31.19.
In other news, Director Andrew G. Wiltshire bought 2,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $26.34 per share, with a total value of $52,680.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David L. Nunes bought 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $26.14 per share, for a total transaction of $261,400.00. Following the acquisition, the chief executive officer now owns 328,428 shares of the company’s stock, valued at approximately $8,585,107.92. The disclosure for this purchase can be found here. 0.47% of the stock is currently owned by corporate insiders.
Rayonier Company Profile
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, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.
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