Equities analysts predict that Rayonier Inc. (NYSE:RYN) will report earnings of $0.15 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Rayonier’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.10. Rayonier reported earnings per share of $0.05 during the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Rayonier will report full year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.45 to $0.66. For the next year, analysts expect that the company will post earnings of $0.65 per share, with EPS estimates ranging from $0.50 to $0.74. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Rayonier.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. The company had revenue of $186.30 million for the quarter, compared to the consensus estimate of $165.73 million. Rayonier had a return on equity of 4.96% and a net margin of 18.64%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS.

RYN has been the topic of a number of research reports. Zacks Investment Research raised Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Monday, November 6th. Royal Bank of Canada reiterated a “hold” rating and set a $30.00 price target on shares of Rayonier in a report on Friday, January 12th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $31.00 price target on shares of Rayonier in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Rayonier has an average rating of “Hold” and a consensus target price of $32.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. grew its stake in shares of Rayonier by 22.0% in the 2nd quarter. Advisor Group Inc. now owns 3,566 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 642 shares during the period. Acadian Asset Management LLC acquired a new stake in Rayonier during the 4th quarter worth $168,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Rayonier by 46.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 2,229 shares during the period. Gamble Jones Investment Counsel acquired a new stake in Rayonier during the 4th quarter worth $237,000. Finally, Timber Hill LLC acquired a new stake in Rayonier during the 3rd quarter worth $246,000. Hedge funds and other institutional investors own 83.60% of the company’s stock.

Rayonier (NYSE:RYN) traded up $0.64 during trading on Friday, hitting $33.01. The stock had a trading volume of 683,917 shares, compared to its average volume of 739,541. The stock has a market cap of $4,190.00, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 11.30 and a beta of 0.43. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 0.60. Rayonier has a 52 week low of $26.84 and a 52 week high of $33.65.

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About Rayonier

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.

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