Rayonier (RYN) to Release Earnings on Wednesday

Rayonier (NYSE:RYN) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Rayonier to post earnings of $0.13 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). Rayonier had a net margin of 14.78% and a return on equity of 3.00%. The firm had revenue of $173.60 million for the quarter, compared to the consensus estimate of $218.86 million. During the same period in the previous year, the company posted $0.05 earnings per share. Rayonier’s quarterly revenue was down 16.9% on a year-over-year basis. On average, analysts expect Rayonier to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rayonier Price Performance

Shares of Rayonier stock opened at $31.38 on Tuesday. The stock has a 50 day moving average of $31.45 and a 200 day moving average of $30.27. Rayonier has a 12 month low of $27.40 and a 12 month high of $35.29. The firm has a market cap of $4.67 billion, a PE ratio of 31.38 and a beta of 1.05. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75.

Rayonier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Tuesday, December 17th. Rayonier’s payout ratio is presently 114.00%.

Insider Activity

In other news, Director V. Larkin Martin sold 10,011 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total value of $306,036.27. Following the completion of the sale, the director now directly owns 40,168 shares of the company’s stock, valued at $1,227,935.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

RYN has been the subject of a number of research reports. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. Truist Financial raised their price objective on Rayonier from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th.

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, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.