Equities research analysts predict that Rayonier Inc. (NYSE:RYN) will post sales of $165.08 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Rayonier’s earnings. The highest sales estimate is $165.36 million and the lowest is $164.80 million. Rayonier reported sales of $220.50 million in the same quarter last year, which indicates a negative year-over-year growth rate of 25.1%. The company is expected to announce its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Rayonier will report full-year sales of $165.08 million for the current year, with estimates ranging from $723.90 million to $724.46 million. For the next financial year, analysts forecast that the business will post sales of $708.78 million per share, with estimates ranging from $702.20 million to $715.35 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Rayonier.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.14. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The firm had revenue of $177.90 million during the quarter, compared to analyst estimates of $144.06 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Several research firms recently issued reports on RYN. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 target price on shares of Rayonier in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Monday, November 6th. BMO Capital Markets reissued a “hold” rating and issued a $31.00 target price on shares of Rayonier in a report on Thursday, November 2nd. Finally, BidaskClub raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.25.

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings in Rayonier by 59.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 166,332 shares of the real estate investment trust’s stock valued at $4,805,000 after buying an additional 61,739 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Rayonier by 10.3% during the 3rd quarter. Sterling Capital Management LLC now owns 63,204 shares of the real estate investment trust’s stock valued at $1,826,000 after buying an additional 5,925 shares in the last quarter. California Public Employees Retirement System grew its holdings in Rayonier by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 438,580 shares of the real estate investment trust’s stock valued at $12,671,000 after buying an additional 14,980 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Rayonier by 10.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,078 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 2,243 shares in the last quarter. Finally, Invictus RG purchased a new stake in Rayonier during the 3rd quarter valued at approximately $418,000. 83.39% of the stock is owned by institutional investors.

Shares of Rayonier (NYSE:RYN) opened at $30.98 on Tuesday. Rayonier has a 52-week low of $26.15 and a 52-week high of $31.79. The company has a market cap of $4,061.35, a PE ratio of 64.29, a PEG ratio of 11.72 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.74.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier’s dividend payout ratio is 95.24%.

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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.

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Earnings History and Estimates for Rayonier (NYSE:RYN)

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