Rayonier (RYN) Set to Announce Quarterly Earnings on Wednesday

Rayonier (NYSE:RYN) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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.Investors that are interested in participating in the company’s 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 (EPS) 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 company had revenue of $467.40 million for the quarter, compared to the consensus estimate of $235.94 million. During the same period in the prior year, the company 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 Stock Performance

Rayonier stock opened at $30.16 on Monday. The company has a current ratio of 2.26, a quick ratio of 2.04 and a debt-to-equity ratio of 0.73. The company has a market cap of $4.48 billion, a PE ratio of 25.78 and a beta of 1.07. The company’s 50-day moving average is $32.73 and its two-hundred day moving average is $31.44. Rayonier has a 1 year low of $24.84 and a 1 year high of $35.29.

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 paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.78%. Rayonier’s dividend payout ratio (DPR) is presently 97.44%.

Wall Street Analyst Weigh In

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