Rayonier Inc reports results for the quarter ended June 30 - Earnings Summary

• Rayonier Inc RYN.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of six analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from -1 cents to 11 cents per share.

• Revenue fell 38.7% to $106.50 million from a year ago; analysts expected $111.30 million.

• Rayonier Inc's reported EPS for the quarter was $2.63​.

• The company reported quarterly net income of $408.7 million.

• Rayonier Inc shares had risen by 7.7% this quarter and lost 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Rayonier Inc is $29.00, about 17.8% above its last closing price of $23.84

This summary was machine generated from LSEG data August 7 at 12:40 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)