Rayonier (RYN) Set to Announce Earnings on Wednesday

Rayonier (NYSE:RYN) is set to 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Rayonier had a net margin of 16.41% and a return on equity of 2.89%. The company had revenue of $467.40 million during the quarter, compared to analyst estimates of $235.94 million. During the same period in the prior year, the business posted $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 Price Performance

NYSE RYN opened at $30.45 on Wednesday. Rayonier has a 12 month low of $24.84 and a 12 month high of $35.29. The firm has a market capitalization of $4.53 billion, a PE ratio of 26.03 and a beta of 1.07. The company’s 50 day simple moving average is $32.92 and its 200 day simple moving average is $31.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.26 and a quick ratio of 2.04.

Rayonier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Wednesday, March 13th. Rayonier’s dividend payout ratio (DPR) is presently 97.44%.

Analyst Ratings Changes

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

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 December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.