Rayonier Inc. (RYN) Issues Earnings Results, Beats Expectations By $0.14 EPS

Rayonier Inc. (NYSE:RYN) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14, Bloomberg Earnings reports. The firm had revenue of $177.90 million for the quarter, compared to the consensus estimate of $144.06 million. Rayonier had a net margin of 19.10% and a return on equity of 5.03%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier’s payout ratio is currently 84.75%.

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and set a $28.00 target price on shares of Rayonier in a research report on Monday, July 31st. BMO Capital Markets restated a “hold” rating and set a $31.00 target price on shares of Rayonier in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.25.

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Rayonier Company Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

Earnings History for Rayonier (NYSE:RYN)

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