Rayonier Reports Second Quarter 2015 Results

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Buckingham Research Upgrades Rayonier (RYN) to Buy

August 6, 2015 12:50 PM EDT

Buckingham Research upgraded Rayonier (NYSE: RYN) from Neutral to Buy with a price target of $28.00.

For an analyst ratings summary and ratings history on Rayonier click here. For more ratings news on Rayonier click here.

Shares of Rayonier closed at $24.39 yesterday.

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Rayonier (RYN) Misses Q2 EPS by 2c, Offers Outlook

August 5, 2015 5:29 PM EDT

Rayonier (NYSE: RYN) reported Q2 EPS of $0.00, $0.02 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $115.8 million versus the consensus estimate of $123.42 million.

Outlook

We remain on track to achieve our full-year Adjusted EBITDA guidance, stated Nunes. In our Southern Timber segment, we anticipate continued strong pulpwood demand and prices in our... More