Rayonier Inc. (RYN) Expected to Post Quarterly Sales of $190.08 Million

Equities analysts predict that Rayonier Inc. (NYSE:RYN) will report sales of $190.08 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Rayonier’s earnings. The lowest sales estimate is $189.10 million and the highest is $191.05 million. Rayonier reported sales of $177.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.8%. The company is scheduled to report its next earnings report after the market closes on Wednesday, October 31st.

According to Zacks, analysts expect that Rayonier will report full year sales of $822.77 million for the current fiscal year, with estimates ranging from $822.40 million to $823.14 million. For the next fiscal year, analysts forecast that the company will report sales of $821.60 million, with estimates ranging from $806.10 million to $837.09 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.10. Rayonier had a return on equity of 7.47% and a net margin of 19.12%. The firm had revenue of $245.90 million for the quarter, compared to analyst estimates of $193.04 million. During the same period last year, the company earned $0.20 EPS. The business’s quarterly revenue was up 22.3% compared to the same quarter last year.

Several research firms have recently issued reports on RYN. BMO Capital Markets lowered Rayonier from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 18th. Zacks Investment Research lowered Rayonier from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Rayonier currently has an average rating of “Hold” and an average price target of $35.40.

Shares of NYSE:RYN traded down $0.30 during midday trading on Wednesday, hitting $30.10. The company had a trading volume of 932,122 shares, compared to its average volume of 784,356. Rayonier has a 12 month low of $28.93 and a 12 month high of $39.73. The company has a quick ratio of 2.14, a current ratio of 2.37 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $4.38 billion, a P/E ratio of 46.31, a P/E/G ratio of 9.85 and a beta of 0.16.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.08 annualized dividend and a dividend yield of 3.59%. Rayonier’s dividend payout ratio is currently 166.15%.

Several large investors have recently bought and sold shares of RYN. Qube Research & Technologies Ltd bought a new position in shares of Rayonier in the 2nd quarter worth $108,000. Interactive Financial Advisors raised its stake in Rayonier by 114.9% during the 2nd quarter. Interactive Financial Advisors now owns 3,204 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 1,713 shares during the period. Quantbot Technologies LP acquired a new stake in Rayonier during the 1st quarter worth $138,000. TLP Group LLC raised its stake in Rayonier by 1,819.3% during the 1st quarter. TLP Group LLC now owns 5,681 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 5,385 shares during the period. Finally, Sfmg LLC acquired a new stake in Rayonier during the 2nd quarter worth $200,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

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 June 30, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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