Rayonier (RYN) reported earnings 30 days ago. What's next for the stock?
RYN's Q2 2024 results fell short of the analysts' consensus estimates, but investors should look past this below-expectations second quarter performance. Rayonier still sees its 2024 EBITDA falling within its previous guidance, as the company has intentionally pushed back certain harvests in 1H, which points to a recovery for 2H. RYN is a Buy considering its re-rating potential, as privately held timber assets are commanding a much higher EV/EBITDA multiple as compared to what the stock is trading at now.
Rayonier Inc. (NYSE:RYN ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Collin Mings - VP, Capital Markets and Strategic Planning Mark McHugh - President and CEO April Tice - SVP and CFO Douglas Long - EVP and Chief Resource Officer Conference Call Participants Mark Weintraub - Seaport Research Partners Gregory Andreopoulos - Citi Matthew McKellar - RBC Capital Markets Buck Horne - Raymond James Operator Welcome, and thank you for joining Rayonier's Second Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
Rayonier's (RYN) Q2 earnings reflect lower harvest volumes in its Timber segments amid soft demand and deferral of some harvest activity.
Although the revenue and EPS for Rayonier (RYN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Get a deeper insight into the potential performance of Rayonier (RYN) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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.
NEW YORK, NY / ACCESSWIRE / June 9, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Rayonier Advanced Materials Inc. ("Rayonier" or the "Company") (NYSE:RYAM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK, NY / ACCESSWIRE / June 1, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Rayonier Advanced Materials Inc. ("Rayonier" or the "Company") (NYSE:RYAM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Rayonier Inc. is making good progress with its plan to sell $1 billion worth of assets, as the company is considering a number of potential transactions. Rayonier's unchanged FY 2024 guidance implies a return to positive EBITDA growth this year. A favorable FY 2024 outlook and positive disclosures pertaining to asset divestment support the case of a Buy rating for Rayonier.