Rayonier Inc. (NYSE:RYN) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.04 per share from revenue of $ 186.47 million.
Looking ahead, the full year income are expected at $ 0.21 per share on the revenues of $ 818.74 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.17 ~ $ 0.21 per share
Click Here For More Historical Outlooks Of Rayonier Inc.
Previous Quarter Performance
Rayonier Inc. reported income for the second quarter of $ 0.11 per share, from the revenue of $ 195.60 million. Street analysts expected Rayonier Inc. to report income of $ 0.04 per share on revenue of $ 145.74 million for the second quarter. The bottom line results beat street analysts by $ 0.07 or 175.00 percent, at the same time, top line results outshined analysts by $ 49.86 million or 34.21 percent.
Stock Performance
Shares of Rayonier Inc. traded low $ -0.52 or -1.93 percent on Tuesday, reaching $ 26.40 with volume of 470.90 thousand shares. Rayonier Inc. has traded high as $ 26.85 and has cracked $ 26.24 on the downward trend
According to the previous trading day, closing price of $ 26.40, representing a 68.67 % increase from the 52 week low of $ 15.96 and a 18.67 % decrease over the 52 week high of $ 33.10.
The company has a market capital of $ 3.69 billion and is part of the Basic Materials sector and Lumber & Wood Production industry.
Recent Analyst recommendations
- On 8th September 2020, maintained by Raymond James at Outperform rating, with $ 32.00 target price.
Recent Stock Dividend Announcement
On October 19, 2020, the board of directors authorized 4Q20 dividend of $ 0.27 per share to holders of record as of the close of business on December 17, 2020, with payment date of December 31, 2020 and ex-dividend date on December 16, 2020.
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 March 31, 2019, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S. South (1.8 million acres), U.S.
