Rayonier (NYSE:RYN) Issues FY 2025 Earnings Guidance

Rayonier (NYSE:RYN) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.510-0.640 for the period, compared to the consensus earnings per share estimate of 0.520. The company issued revenue guidance of -.

Rayonier Trading Down 1.1 %

NYSE RYN traded down $0.29 during mid-day trading on Friday, hitting $26.06. The company’s stock had a trading volume of 239,636 shares, compared to its average volume of 768,404. The firm has a market capitalization of $3.88 billion, a P/E ratio of 24.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.99 and a quick ratio of 1.85. Rayonier has a 52-week low of $24.88 and a 52-week high of $35.29. The stock’s fifty day simple moving average is $27.27 and its two-hundred day simple moving average is $29.63.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Rayonier had a net margin of 15.84% and a return on equity of 2.95%. Research analysts expect that Rayonier will post 0.38 EPS for the current year.

Rayonier Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Monday, March 17th. Rayonier’s dividend payout ratio is presently 107.55%.

Rayonier declared that its Board of Directors has initiated a stock buyback program on Monday, December 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

RYN has been the subject of a number of research reports. StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Citigroup cut their price objective on shares of Rayonier from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Truist Financial decreased their target price on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.67.

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.