Revenue Update on Rayonier(NYSE:RYN)

Rayonier(NYSE:RYN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $132.10M. Analysts estimated a revenue of $116.28M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.03.

Rayonier (RYN) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.11% at a volume of 4,20,811. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.64. The peak price level was also seen at $27.64 while the days lowest was $27.28. Finally the shares closed at $27.37. The 52-week high of the shares is $27.64 while the 52-week low is $17.85. According to the latest information available, the market cap of the company is $3,363 M.

Rayonier has also declared a cash dividend of $0.2500 on Jul 22, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Mark R Bridwell (VP, General Counsel and CS) sold 881 shares at $26.12 per share price.Also, On Feb 17, 2016, Scott R. Jones (director) purchased 19,382 shares at $19.87 per share price.On Feb 17, 2016, David L Nunes (CEO) purchased 10,000 shares at $19.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Rayonier Inc. (Rayonier) is a timberland real estate investment trust (REIT). As of December 31 2014 the Company owned leased or managed 2.7 million acres of timberlands located in the United States South (1.9 million acres) United States Pacific Northwest (372000 acres) and New Zealand (451000 gross acres or 309000 net plantable acres). In addition the Company is engaged in the trading of logs from New Zealand and Australia to Pacific Rim markets primarily to support New Zealand export operations. The Company operates through five segments: Southern Timber Pacific Northwest Timber New Zealand Timber Real Estate and Trading. The Company’s Timber segments own or lease approximately 2.7 million acres of timberlands located in the United States and New Zealand. The Company’s Real Estate segment’s holdings are primarily in the southeastern United States. The Company’s Trading segment consists of log trading activities in New Zealand and Australia.

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