|Bid||25.94 x 800|
|Ask||25.94 x 800|
|Day's Range||25.26 - 26.04|
|52 Week Range||15.96 - 33.10|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||59.41|
|Earnings Date||Oct 28, 2020|
|Forward Dividend & Yield||1.08 (4.09%)|
|Ex-Dividend Date||Dec 16, 2020|
|1y Target Est||31.17|
NEW YORK, NY / ACCESSWIRE / October 29, 2020 / Rayonier, Inc.
Rayonier (RYN) delivered earnings and revenue surprises of 50.00% and 9.14%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Rayonier Inc. (NYSE:RYN) today reported third quarter net loss attributable to Rayonier of ($0.8) million, or ($0.01) per share, on revenues of $198.9 million. This compares to net loss attributable to Rayonier of ($0.4) million, or $0.00 per share, on revenues of $156.4 million in the prior year quarter. The third quarter results included costs related to the merger with Pope Resources1 of $0.4 million and timber write-offs resulting from casualty events2 attributable to Rayonier of $7.9 million. Excluding these items, pro forma net income (loss)3 was $7.5 million, or $0.06 per share, versus ($0.4) million, or $0.00 per share, in the prior year period.