Rayonier (RYN) Scheduled to Post Quarterly Earnings on Wednesday

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Rayonier (NYSE:RYN) will issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

RYN opened at $28.03 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.61 and a current ratio of 2.95. The company has a fifty day moving average price of $29.90. Rayonier has a 1 year low of $26.30 and a 1 year high of $35.63. The firm has a market cap of $3.69 billion, a PE ratio of 35.48 and a beta of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, September 12th. Rayonier’s dividend payout ratio is currently 136.71%.

RYN has been the subject of several analyst reports. ValuEngine upgraded shares of Rayonier from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Rayonier from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Finally, TheStreet upgraded shares of Rayonier from a “c+” rating to a “b-” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.91.

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, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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Earnings History for Rayonier (NYSE:RYN)

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