Rayonier Inc reports results for the quarter ended in March - Earnings Summary

Rayonier

05/05/2022 02:39

* Rayonier Inc  RYN.N  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
16 cents per share.
    * Revenue rose 16% to $222.00 million from a year ago; 
analysts
expected $228.87 million. 
    * Rayonier Inc's reported EPS for the quarter was 20 cents​.
    * The mean earnings estimate of analysts had risen by
about 48.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Rayonier Inc shares had risen by 3.3% this quarter and
gained 5.3% so far this year.
    * The company reported quarterly net income of $29.3
million.
    * Wall Street's median 12-month price target for Rayonier
Inc is
$39.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 5 at 01:39 a.m.  ​All
figures in US dollars unless otherwise stated