Rayonier Inc. (NYSE:RYN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Rayonier to post earnings of $0.11 per share for the quarter.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.05. The firm had revenue of $186.50 million for the quarter, compared to analysts’ expectations of $159.31 million. Rayonier had a net margin of 27.54% and a return on equity of 4.10%. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. On average, analysts expect Rayonier to post $0.35 EPS for the current fiscal year and $0.48 EPS for the next fiscal year.

Rayonier Inc. (NYSE:RYN) traded up 0.10% during trading on Thursday, reaching $29.11. The company’s stock had a trading volume of 122,560 shares. The stock has a 50-day moving average of $28.81 and a 200 day moving average of $28.38. The firm has a market capitalization of $3.60 billion, a P/E ratio of 15.50 and a beta of 0.35. Rayonier Inc. has a one year low of $25.24 and a one year high of $29.86.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.44%. Rayonier’s dividend payout ratio (DPR) is presently 53.48%.

A number of research analysts recently issued reports on the company. Vertical Research upgraded Rayonier to a “buy” rating in a report on Sunday, May 28th. BidaskClub cut Rayonier from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $31.00 price target on shares of Rayonier in a research note on Wednesday, April 19th. Finally, Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, April 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.80.

In other Rayonier news, Director Andrew G. Wiltshire purchased 6,650 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were bought at an average cost of $27.87 per share, for a total transaction of $185,335.50. Following the completion of the purchase, the director now directly owns 26,006 shares in the company, valued at $724,787.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

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Rayonier Company Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

Earnings History for Rayonier (NYSE:RYN)

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