Rayonier (RYN) Scheduled to Post Quarterly Earnings on Wednesday

Rayonier (NYSE:RYN) is scheduled to be releasing its quarterly 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 released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Rayonier had a return on equity of 2.89% and a net margin of 16.41%. The company had revenue of $467.40 million during the quarter, compared to the consensus estimate of $235.94 million. During the same quarter in the prior year, the firm 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 Trading Down 0.1 %

RYN stock opened at $30.45 on Wednesday. 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 market capitalization of $4.53 billion, a PE ratio of 26.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.04 and a current ratio of 2.26. Rayonier has a 52 week low of $24.84 and a 52 week high of $35.29.

Rayonier Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RYN. Royal Bank of Canada lifted their price objective on Rayonier from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. TheStreet raised Rayonier from a “c+” rating to a “b-” rating in a research report on Friday, February 16th. Truist Financial increased their price target on Rayonier from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Three analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.