Rayonier (RYN) to Release Earnings on Wednesday

Rayonier (NYSE:RYN) is scheduled to 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. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Rayonier Stock Up 0.8 %

Rayonier stock opened at $31.38 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.98 and a quick ratio of 1.78. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 31.38 and a beta of 1.05. Rayonier has a 1-year low of $27.40 and a 1-year high of $35.29. The business has a fifty day moving average price of $31.45 and a 200-day moving average price of $30.27.

Rayonier Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial lifted their price target on Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th.

Insiders Place Their Bets

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of Rayonier 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 transaction, the director now owns 40,168 shares in the company, valued at approximately $1,227,935.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by 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, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.