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

• Rayonier Inc RYN.N reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of six analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 12 cents to 15 cents per share.

• Revenue fell 3.3% to $195.00 million from a year ago; analysts expected $210.86 million.

• Rayonier Inc's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $28.8 million.

• Rayonier Inc shares had fallen by 2.2% this quarter and lost 5.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the specialized reits peer group is also "hold"

Wall Street's median 12-month price target for Rayonier Inc is 32.00

This summary was machine generated from LSEG data November 7 at 02:56 p.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)