Rayonier (RYN) to Release Earnings on Wednesday

Rayonier (NYSE:RYN) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce 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 released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). The business had revenue of $173.60 million for the quarter, compared to analysts’ expectations of $218.86 million. Rayonier had a net margin of 14.78% and a return on equity of 3.00%. The company’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the business earned $0.05 earnings per share. On average, analysts expect Rayonier to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rayonier Stock Performance

Shares of NYSE RYN opened at $30.76 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.98 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average price is $31.35 and its 200-day moving average price is $30.26. Rayonier has a 52-week low of $24.84 and a 52-week high of $35.29. The company has a market cap of $4.58 billion, a PE ratio of 30.76 and a beta of 1.04.

Rayonier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s dividend payout ratio is currently 114.00%.

Insider Buying and Selling

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the completion of the sale, the director now owns 40,168 shares of the company’s stock, valued at approximately $1,227,935.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. Truist Financial increased their price objective on shares of Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th.

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