Rayonier (RYN) Scheduled to Post Earnings on Wednesday

Rayonier (NYSE:RYN) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Rayonier to post earnings of $0.04 per share for the quarter. Rayonier has set its FY24 guidance at $0.40-0.54 EPS and its FY 2024 guidance at 0.400-0.540 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Rayonier had a net margin of 16.41% and a return on equity of 2.89%. The firm had revenue of $467.40 million during the quarter, compared to the consensus estimate of $235.94 million. During the same period in the prior year, the firm earned $0.11 EPS. On average, analysts expect Rayonier to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rayonier Stock Down 0.1 %

Shares of NYSE RYN opened at $30.14 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.26 and a quick ratio of 2.04. The stock has a market capitalization of $4.48 billion, a PE ratio of 25.76 and a beta of 1.07. Rayonier has a one year low of $24.84 and a one year high of $35.29. The business’s fifty day moving average price is $32.66 and its 200-day moving average price is $31.46.

Rayonier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Wednesday, March 13th. Rayonier’s payout ratio is currently 97.44%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TheStreet raised Rayonier from a “c+” rating to a “b-” rating in a report on Friday, February 16th. StockNews.com upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Truist Financial upped their target price on shares of Rayonier from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada raised their price target on shares of Rayonier from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.50.

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.