Rayonier Inc. (RYN) Expected to Post Quarterly Sales of $177.13 Million

Wall Street analysts expect that Rayonier Inc. (NYSE:RYN) will report $177.13 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Rayonier’s earnings. The lowest sales estimate is $172.10 million and the highest is $182.16 million. Rayonier posted sales of $186.50 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Rayonier will report full year sales of $177.13 million for the current year, with estimates ranging from $704.50 million to $715.35 million. For the next fiscal year, analysts expect that the company will report sales of $715.30 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.11. Rayonier had a return on equity of 4.96% and a net margin of 18.64%. The firm had revenue of $186.30 million during the quarter, compared to analyst estimates of $165.73 million. During the same period last year, the company posted $0.05 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year.

A number of equities research analysts have commented on RYN shares. Zacks Investment Research lowered Rayonier from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BMO Capital Markets restated a “hold” rating and set a $31.00 price objective on shares of Rayonier in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada restated a “hold” rating and set a $29.00 price objective on shares of Rayonier in a research report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $32.00.

Shares of Rayonier (NYSE:RYN) opened at $31.50 on Monday. Rayonier has a 1 year low of $26.84 and a 1 year high of $33.65. The company has a market capitalization of $4,061.35, a PE ratio of 49.22, a price-to-earnings-growth ratio of 11.30 and a beta of 0.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.45 and a current ratio of 2.68.

Several institutional investors have recently made changes to their positions in RYN. Advisor Group Inc. lifted its holdings in shares of Rayonier by 22.0% during the 2nd quarter. Advisor Group Inc. now owns 3,566 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 642 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Rayonier by 46.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 158,088 shares of the real estate investment trust’s stock valued at $4,548,000 after buying an additional 50,350 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Rayonier by 5.4% during the 2nd quarter. Stifel Financial Corp now owns 61,564 shares of the real estate investment trust’s stock valued at $1,772,000 after buying an additional 3,151 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Rayonier by 4.1% during the 2nd quarter. Royal Bank of Canada now owns 83,704 shares of the real estate investment trust’s stock valued at $2,408,000 after buying an additional 3,264 shares during the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Rayonier during the 2nd quarter valued at about $272,000. Institutional investors and hedge funds own 83.60% of the company’s stock.

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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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