Zacks: Brokerages Expect Rayonier Inc. (RYN) to Announce $0.11 EPS

Equities research analysts expect that Rayonier Inc. (NYSE:RYN) will report earnings per share of $0.11 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Rayonier’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.09. Rayonier reported earnings of $0.31 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 64.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Rayonier will report full year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.50 to $0.54. For the next financial year, analysts forecast that the company will report earnings of $0.60 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, February 6th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The firm had revenue of $166.10 million during the quarter, compared to analyst estimates of $157.34 million. Rayonier had a net margin of 12.52% and a return on equity of 6.01%. Rayonier’s revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Rayonier from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine downgraded Rayonier from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Raymond James set a $32.00 price objective on Rayonier and gave the company a “buy” rating in a report on Tuesday, January 8th. BMO Capital Markets raised Rayonier from an “underperform” rating to a “market perform” rating and set a $28.98 price objective for the company in a report on Friday, February 8th. Finally, TheStreet downgraded Rayonier from a “b” rating to a “c+” rating in a report on Thursday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Rayonier has a consensus rating of “Hold” and an average target price of $30.49.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its holdings in shares of Rayonier by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 56,016 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 1,039 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Rayonier by 31.6% during the third quarter. Renaissance Technologies LLC now owns 3,119,300 shares of the real estate investment trust’s stock worth $105,464,000 after purchasing an additional 748,900 shares during the period. American International Group Inc. lifted its holdings in shares of Rayonier by 1.1% during the third quarter. American International Group Inc. now owns 263,156 shares of the real estate investment trust’s stock worth $8,897,000 after purchasing an additional 2,743 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Rayonier during the third quarter worth $211,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of Rayonier by 12.4% during the fourth quarter. D.A. Davidson & CO. now owns 9,080 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 1,003 shares during the period. 85.38% of the stock is owned by hedge funds and other institutional investors.

RYN stock opened at $30.02 on Tuesday. The company has a market capitalization of $3.89 billion, a PE ratio of 38.00, a PEG ratio of 11.27 and a beta of 0.68. Rayonier has a twelve month low of $26.30 and a twelve month high of $39.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.27 and a quick ratio of 3.02.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, March 14th. Rayonier’s dividend payout ratio is presently 136.71%.

About Rayonier

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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