Zacks: Analysts Expect Rayonier Inc. (RYN) to Post $0.20 EPS

Wall Street brokerages expect that Rayonier Inc. (NYSE:RYN) will report earnings per share of $0.20 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Rayonier’s earnings, with estimates ranging from $0.14 to $0.27. Rayonier also reported earnings per share of $0.20 in the same quarter last year. The company is expected to report its next earnings report 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 anticipate that the company 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 analysts that cover Rayonier.

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

A number of research analysts recently issued reports on the stock. Raymond James set a $40.00 price objective on shares of Rayonier and gave the company a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research cut shares of Rayonier from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. ValuEngine upgraded shares of Rayonier from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Citigroup assumed coverage on shares of Rayonier in a report on Thursday, March 1st. They set a “neutral” rating and a $37.00 price objective for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $35.40.

Shares of NYSE RYN opened at $38.61 on Tuesday. The company has a market cap of $4.95 billion, a P/E ratio of 59.40, a PEG ratio of 10.59 and a beta of 0.30. The company has a quick ratio of 2.69, a current ratio of 3.00 and a debt-to-equity ratio of 0.57. Rayonier has a 52-week low of $27.71 and a 52-week high of $39.73.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Thursday, June 14th. This is a boost from Rayonier’s previous quarterly dividend of $0.25. Rayonier’s dividend payout ratio is 166.15%.

Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Rayonier in the first quarter valued at approximately $253,000. Principal Financial Group Inc. boosted its holdings in shares of Rayonier by 6.6% in the first quarter. Principal Financial Group Inc. now owns 744,031 shares of the real estate investment trust’s stock valued at $26,174,000 after buying an additional 45,977 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Rayonier by 37.7% in the first quarter. Xact Kapitalforvaltning AB now owns 16,439 shares of the real estate investment trust’s stock valued at $578,000 after buying an additional 4,500 shares during the period. Brookfield Asset Management Inc. boosted its holdings in shares of Rayonier by 144.4% in the first quarter. Brookfield Asset Management Inc. now owns 244,400 shares of the real estate investment trust’s stock valued at $8,598,000 after buying an additional 144,400 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Rayonier by 1,188.8% in the first quarter. Millennium Management LLC now owns 533,064 shares of the real estate investment trust’s stock valued at $18,753,000 after buying an additional 491,704 shares during the period. Institutional investors own 86.31% 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 March 31, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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