Wall Street analysts expect that Rayonier Inc. (NYSE:RYN) will announce earnings per share (EPS) of $0.12 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rayonier’s earnings, with estimates ranging from $0.10 to $0.14. Rayonier reported earnings of $0.28 per share during the same quarter last year, which indicates a negative year over year growth rate of 57.1%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Rayonier will report full year earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.50 to $0.56. For the next year, analysts anticipate that the firm will post earnings of $0.60 per share, with EPS estimates ranging from $0.52 to $0.67. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Rayonier.
Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $184.31 million. Rayonier had a return on equity of 5.16% and a net margin of 10.75%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS.
NYSE RYN traded down $0.26 during trading on Friday, reaching $29.26. The company’s stock had a trading volume of 13,959 shares, compared to its average volume of 470,403. The company has a market capitalization of $3.82 billion, a PE ratio of 37.37 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 2.61. The stock has a fifty day moving average of $30.02. Rayonier has a one year low of $26.30 and a one year high of $38.19.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 3.69%. Rayonier’s dividend payout ratio is currently 136.71%.
In other Rayonier news, CFO Mark Mchugh sold 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $32.62, for a total value of $326,200.00. Following the transaction, the chief financial officer now directly owns 61,613 shares in the company, valued at approximately $2,009,816.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in RYN. Norges Bank bought a new position in shares of Rayonier during the 4th quarter valued at about $52,001,000. Victory Capital Management Inc. bought a new position in shares of Rayonier during the 1st quarter valued at about $26,391,000. Deprince Race & Zollo Inc. bought a new position in shares of Rayonier during the 1st quarter valued at about $20,780,000. Pictet Asset Management Ltd. increased its position in shares of Rayonier by 13.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,920,647 shares of the real estate investment trust’s stock valued at $92,059,000 after purchasing an additional 356,977 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Rayonier by 135.0% during the 4th quarter. Deutsche Bank AG now owns 561,375 shares of the real estate investment trust’s stock valued at $15,543,000 after purchasing an additional 322,457 shares during the last quarter. Hedge funds and other institutional investors own 84.63% of the company’s stock.
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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