Last $31.46 USD
Change Today -0.44 / -1.38%
Volume 820.0K
As of 4:15 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

rayonier inc (RYN) Snapshot

Open
$31.85
Previous Close
$31.90
Day High
$31.85
Day Low
$31.46
52 Week High
10/18/13 - $43.30
52 Week Low
12/17/13 - $29.06
Market Cap
4.0B
Average Volume 10 Days
723.4K
EPS TTM
$1.57
Shares Outstanding
126.5M
EX-Date
09/12/14
P/E TM
20.0x
Dividend
$1.20
Dividend Yield
7.22%
Current Stock Chart for RAYONIER INC (RYN)

rayonier inc (RYN) Related Businessweek News

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rayonier inc (RYN) Details

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company operates in four segments: Timber, Real Estate, Performance Fibers, and Wood Products. Timber segment owns, leases, or manages timberlands and sells standing timber at auction to third parties, as well as sells delivered logs. Real Estate segment sells medium and large tracts of land with infrastructure. This segment holds development and rural properties primarily in the southeast United States. Performance Fibers segment manufactures cellulose specialties that are used principally in acetate textile fibers, cigarette filters, rigid packaging, LCD screens, photographic film, impact-resistant plastics, high-tenacity rayon yarn, pharmaceuticals, cosmetics, detergents, food casings, and food products; and absorbent materials that are used in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and nonwoven fabrics. Wood Products segment primarily manufactures and sells dimension lumber used for residential and industrial construction applications. In addition, Rayonier involves in trading and exporting logs, lumber, and wood panel products. As of December 31, 2005, it owned, leased, or managed approximately 2.5 million acres of timberland and real estate. The company has a joint venture with RREEF Infrastructure to own and manage timber lands in New Zealand. Rayonier has elected to be treated as a real estate investment trust (REIT) for federal income tax purposes and would not be subject to federal income tax on its REIT income that it distributes to its shareholders. The company, formerly known as Rainier Pulp & Paper Company, was founded in 1926. Rayonier is headquartered in Jacksonville, Florida.

1,600 Employees
Last Reported Date: 02/28/14
Founded in 1926

rayonier inc (RYN) Top Compensated Officers

Executive Vice President of Forest Resources
Total Annual Compensation: $296.5K
Compensation as of Fiscal Year 2013.

rayonier inc (RYN) Key Developments

Rayonier Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Operating Cash Flow Guidance for the Year 2014 and Interest Expense Guidance for the Second Half of 2014

Rayonier Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to the company of $18 million, or $0.14 per share, compared to $87 million, or $0.67 per share, in the prior year period. Pro forma net income is $10.2 million, or $0.08 per diluted share, compared to $22.8 million, or $0.17 per diluted share, in the prior year period. Sales were $163.1 million against $154.9 million a year ago. Operating income was $39.6 million against $32.4 million a year ago. Income from continuing operations before income taxes was $19.6 million against $23.7 million a year ago. Income from continuing operations was $6.1 million or $0.05 per diluted share against $39.6 million or $0.30 per diluted share a year ago. Pro forma operating income was at $39.6 million against $32.4 million reported last year. For the six months, the company’s net income attributable to the company was $62 million, or $0.47 per share, compared to $235 million, or $1.80 per share in the prior period. Pro forma net income was $22.5 million, or $0.17 per diluted share, compared to $62.1 million, or $0.47 per diluted share, in the prior year period. Cash provided by operating activities was $226 million compared to $236 million in the first six months of 2013. Sales were $306.3 million against $261.9 million a year ago. Operating income was $56.0 million against $53.8 million a year ago. Income from continuing operations before income taxes was $24.3 million against $36.7 million a year ago. Income from continuing operations was $18.4 million or $0.14 per diluted share against $78.9 million or $0.60 per diluted share a year ago. Capital expenditures were $80.5 million against $74.6 million a year ago. Pro forma operating income was at $56.0 million against $37.7 million reported last year. For the year 2014, the company expects operational cash flows are expected to benefit from gradually improving U.S. housing starts, continued investments in advanced silviculture, and incremental harvest volumes from timberland acquisitions. The company expects that 2014 volume will be slightly above 2013; however, depending on export prices during the second half of the year, the company may consider deferring some fourth quarter volume until stronger pricing environment returns. The company continues to expect full year 2014 CapEx, excluding strategic investment in timberland acquisitions of $65 million to $70 million and DD&A of $115 million to $120 million. For the second half of 2014, the company expects interest expense for the second half of 2014 will be $18 million. Income tax expense will be dramatically lower for the new the company now that the taxable earnings from the performance fibers business are with Rayonier Advanced Materials.

Rayonier Announces Common and Special Dividends for the Third Quarter of 2014, Payable on September 30, 2014 and August 15, 2014, Respectively

Rayonier announced that the company's board of directors has declared a third quarter cash dividend of 30 cents per common share. The dividend is payable on September 30, 2014 to shareholders of record on September 16, 2014. In addition to the regular third quarter cash dividend, the company's board has declared a special cash dividend of 50 cents per common share payable on August 15, 2014 to shareholders of record on July 31, 2014. The special dividend will be paid from proceeds received from Rayonier Advanced Materials in connection with its spin-off from Rayonier on June 27, 2014.

Rayonier Inc. to Report Q2, 2014 Results on Jul 29, 2014

Rayonier Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 29, 2014

 

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Industry Analysis

RYN

Industry Average

Valuation RYN Industry Range
Price/Earnings 14.4x
Price/Sales 2.3x
Price/Book 2.5x
Price/Cash Flow 20.3x
TEV/Sales 1.7x
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