$198.30 Million in Sales Expected for Rayonier Inc. (RYN) This Quarter

Analysts expect Rayonier Inc. (NYSE:RYN) to announce sales of $198.30 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Rayonier’s earnings. The highest sales estimate is $210.50 million and the lowest is $186.10 million. Rayonier reported sales of $194.70 million during the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The business is expected to issue its next quarterly earnings report on Wednesday, August 1st.

On average, analysts expect that Rayonier will report full year sales of $774.40 million for the current financial year, with estimates ranging from $756.40 million to $792.40 million. For the next fiscal year, analysts expect that the firm will post sales of $807.25 million per share, with estimates ranging from $780.40 million to $834.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.16 by $0.15. Rayonier had a net margin of 19.08% and a return on equity of 6.92%. The business had revenue of $203.20 million during the quarter, compared to analyst estimates of $180.82 million. During the same period in the prior year, the business earned $0.05 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis.

Several analysts recently commented on the stock. Raymond James set a $40.00 target price on shares of Rayonier and gave the company a “buy” rating in a research note on Tuesday, May 8th. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, March 13th. ValuEngine raised shares of Rayonier from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Citigroup assumed coverage on shares of Rayonier in a research note on Thursday, March 1st. They set a “neutral” rating and a $37.00 target price for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.40.

RYN stock traded down $0.22 on Monday, hitting $38.11. 44,573 shares of the company’s stock traded hands, compared to its average volume of 825,884. Rayonier has a 1-year low of $27.71 and a 1-year high of $39.73. The firm has a market cap of $5.07 billion, a PE ratio of 58.71, a P/E/G ratio of 10.83 and a beta of 0.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.00 and a quick ratio of 2.69.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, June 14th. This is an increase from Rayonier’s previous quarterly dividend of $0.25. Rayonier’s dividend payout ratio is 153.85%.

Large investors have recently modified their holdings of the stock. Synovus Financial Corp purchased a new stake in shares of Rayonier in the 1st quarter valued at approximately $124,000. Quantbot Technologies LP purchased a new stake in shares of Rayonier in the 1st quarter valued at approximately $138,000. TLP Group LLC lifted its position in shares of Rayonier by 1,819.3% in the 1st quarter. TLP Group LLC now owns 5,681 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 5,385 shares in the last quarter. Weil Company Inc. purchased a new stake in shares of Rayonier in the 1st quarter valued at approximately $202,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Rayonier in the 1st quarter valued at approximately $217,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

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, 2017, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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