|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||35.14 - 36.00|
|52-week range||29.51 - 45.87|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||48.74|
|Earnings date||02 May 2023 - 08 May 2023|
|Forward dividend & yield||1.14 (3.22%)|
|Ex-dividend date||15 Dec 2022|
|1y target est||37.00|
Rayonier's (RYN) Q4 results outshine estimates on better-than-anticipated revenues. The pro forma operating income improved across all segments. It issues 2023 outlook.
Rayonier (RYN) delivered earnings and revenue surprises of 10% and 17.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
WILDLIGHT, Fla., February 01, 2023--Rayonier Inc. (NYSE:RYN) today reported fourth quarter net income attributable to Rayonier of $33.1 million, or $0.22 per share, on revenues of $245.4 million. This compares to net income attributable to Rayonier of $8.7 million, or $0.06 per share, on revenues of $262.0 million in the prior year quarter.