Rayonier (RYN) to Release Earnings on Wednesday

Rayonier (NYSE:RYN) will likely be releasing its earnings data before the market opens on Wednesday, January 29th. Analysts expect Rayonier to post earnings of $0.20 per share and revenue of $224,070.00 billion for the quarter. Rayonier has set its FY24 guidance at $0.36-0.40 EPS and its FY 2024 guidance at 0.360-0.400 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $211.21 million. Rayonier had a net margin of 15.84% and a return on equity of 2.95%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 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 Stock Performance

Shares of NYSE:RYN opened at $26.74 on Wednesday. The company has a market cap of $3.98 billion, a P/E ratio of 25.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.85 and a current ratio of 1.99. Rayonier has a one year low of $24.88 and a one year high of $35.29. The business’s 50-day simple moving average is $28.35 and its 200 day simple moving average is $29.85.

Rayonier announced that its Board of Directors has approved a stock repurchase plan on Monday, December 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Rayonier Increases Dividend

The business also recently announced a special dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, December 12th will be issued a dividend of $1.80 per share. This is an increase from Rayonier’s previous special dividend of $0.20. Rayonier’s dividend payout ratio (DPR) is presently 107.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RYN shares. Citigroup lowered their price objective on Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Truist Financial decreased their target price on Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.67.

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.