Rayonier (RYN) Set to Announce Quarterly Earnings on Wednesday

Rayonier (NYSE:RYN - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Rayonier to post earnings of $0.13 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Rayonier (NYSE:RYN - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). The firm had revenue of $173.60 million for the quarter, compared to analysts' expectations of $218.86 million. Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The company's revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, analysts expect Rayonier to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rayonier Trading Up 2.6 %

RYN traded up $0.79 during trading on Wednesday, hitting $31.55. 455,695 shares of the stock were exchanged, compared to its average volume of 596,330. The firm has a 50 day simple moving average of $31.35 and a 200 day simple moving average of $30.26. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 31.56 and a beta of 1.04. Rayonier has a 1 year low of $24.84 and a 1 year high of $35.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.78 and a current ratio of 1.98.

Rayonier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.14 annualized dividend and a yield of 3.61%. Rayonier's payout ratio is currently 114.00%.

Insider Activity

In other news, Director V. Larkin Martin sold 10,011 shares of Rayonier stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total value of $306,036.27. Following the transaction, the director now directly owns 40,168 shares in the company, valued at approximately $1,227,935.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com upgraded Rayonier from a "sell" rating to a "hold" rating in a report on Saturday, August 17th. Truist Financial lifted their price target on Rayonier from $31.00 to $32.00 and gave the company a "hold" rating in a report on Tuesday, October 15th.

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, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.