RYN Stock Recent News

Rayonier's (RYN) Q4 earnings meet estimates despite lower-than-anticipated revenues. The pro forma operating income declines in most segments excluding Real Estate.

The headline numbers for Rayonier (RYN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Rayonier (RYN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 1 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. In.

Rayonier (RYN) strategically divests Oregon timberland, aligning with its capital plans for enhanced shareholder value and long-term financial resilience.

Rayonier has put in place in a new 18-month $1 billion asset divestment plan, which will free up more excess capital for deleveraging, dividends, and buybacks. The current CFO, Mark McHugh, will be appointed as the new CEO in April 2024, and I expect him to place a stronger emphasis on value-accretive capital allocation initiatives. I revise my rating for RYN from a Hold to a Buy following an assessment of its latest corporate actions.

While a solid timberland portfolio, developments in biogenetics and cloning, and capital realignment moves are likely to aid Rayonier (RYN), weak export market demand and high interest rates are woes.

Rayonier (RYN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Rayonier's (RYN) New Zealand Timber and Real Estate segments' pro-forma operating income improve year over year, while its Southern Timber and Pacific Northwest Timber segments show weakness.

While the top- and bottom-line numbers for Rayonier (RYN) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.