$0.15 Earnings Per Share Expected for Rayonier Inc. (RYN) This Quarter

Brokerages expect that Rayonier Inc. (NYSE:RYN) will report $0.15 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Rayonier’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. Rayonier reported earnings per share of $0.28 in the same quarter last year, which would suggest a negative year-over-year growth rate of 46.4%. The firm is expected to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Rayonier will report full-year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.55. For the next year, analysts forecast that the firm will report earnings of $0.60 per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Rayonier.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Rayonier had a return on equity of 6.01% and a net margin of 12.52%. The company had revenue of $191.50 million for the quarter, compared to analyst estimates of $184.31 million. During the same quarter last year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis.

A number of brokerages recently issued reports on RYN. Raymond James set a $32.00 price objective on Rayonier and gave the stock a “buy” rating in a research report on Tuesday, January 8th. Zacks Investment Research downgraded Rayonier from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. BMO Capital Markets raised Rayonier from an “underperform” rating to a “market perform” rating and set a $28.98 price objective for the company in a research report on Friday, February 8th. TheStreet downgraded Rayonier from a “b” rating to a “c+” rating in a research report on Thursday, February 7th. Finally, Seaport Global Securities began coverage on Rayonier in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $31.74 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.91.

Shares of NYSE:RYN opened at $32.50 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.27 and a quick ratio of 3.02. The stock has a market cap of $4.21 billion, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 12.35 and a beta of 0.68. Rayonier has a 12-month low of $26.30 and a 12-month high of $39.73.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RYN. Victory Capital Management Inc. purchased a new position in shares of Rayonier in the 1st quarter valued at about $26,391,000. Marathon Asset Management LLP boosted its stake in shares of Rayonier by 3.9% in the 1st quarter. Marathon Asset Management LLP now owns 1,676,762 shares of the real estate investment trust’s stock valued at $52,849,000 after buying an additional 62,549 shares during the period. Texas Permanent School Fund boosted its stake in shares of Rayonier by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 87,921 shares of the real estate investment trust’s stock valued at $2,771,000 after buying an additional 3,199 shares during the period. ST Germain D J Co. Inc. boosted its stake in shares of Rayonier by 53.2% in the 1st quarter. ST Germain D J Co. Inc. now owns 623,883 shares of the real estate investment trust’s stock valued at $19,665,000 after buying an additional 216,578 shares during the period. Finally, Comerica Bank boosted its stake in shares of Rayonier by 2.0% in the 1st quarter. Comerica Bank now owns 100,930 shares of the real estate investment trust’s stock valued at $3,219,000 after buying an additional 2,019 shares during the period. 87.37% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Rayonier (NYSE:RYN)

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