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Stock Market & Financial Investment News

News Breaks
January 24, 2013
08:11 EDTRYNRayonier sees FY13 operating income, EPS slightly above 2012
The company says "Overall, excluding the impact of the sale of our Wood Products business, we expect operating income and EPS will be slightly above 2012, and that CAD will increase by 5 to 10 percent. A primary focus for 2013 will be successful completion of the CSE project which, along with closing the sale of our Wood Products business, will achieve our manufacturing strategy of exiting commodity markets and focusing operations on cellulose specialties."
News For RYN From The Last 14 Days
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November 20, 2014
10:02 EDTRYNOn The Fly: Analyst Upgrade Summary
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07:57 EDTRYNRayonier upgraded to Buy from Neutral at DA Davidson
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November 17, 2014
10:02 EDTRYNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CyrusOne (CONE) upgraded to Buy from Hold at Stifel... MGIC Investment (MTG) upgraded to Conviction Buy from Buy at Goldman... NuVasive (NUVA) upgraded to Outperform from Market Perform at Wells Fargo... Phillips 66 (PSX) upgraded to Outperform from Neutral at Credit Suisse... Pinnacle Foods (PF) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Outperform from Sector Perform at RBC Capital.. Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Volcano (VOLC) upgraded to Outperform from Neutral at Credit Suisse... Progressive Waste (BIN) upgraded to Neutral from Underperform at Macquarie... Clean Harbors (CLH) upgraded to Outperform from Neutral at Wedbush... McGraw Hill Financial (MHFI) upgraded to Buy from Hold at Benchmark Co... Chesapeake (CHK) upgraded to Outperform from Market Perform at Bernstein... American Science & Engineering (ASEI) upgraded to Fair Value from Sell at CRT Capital... Sony (SNE) upgraded to Overweight from Equal Weight at Morgan Stanley.
06:47 EDTRYNRayonier upgraded to Outperform from Sector Perform at RBC Capital
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November 11, 2014
10:00 EDTRYNOn The Fly: Analyst Downgrade Summary
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07:41 EDTRYNRayonier downgraded to Underperform from Neutral at BofA/Merrill
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06:33 EDTRYNRayonier downgraded to Sector Perform from Outperform at RBC Capital
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06:05 EDTRYNRayonier downgraded to Sector Perform from Outperform at RBC Capital
November 10, 2014
16:44 EDTRYNOn The Fly: Closing Wrap
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12:36 EDTRYNRayonier falls after restating Q1 and Q2 results, cutting dividend
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07:10 EDTRYNRayonier lowers future expected harvest volumes, cuts 2014 guidance
As a result of its internal review, the company is realigning its strategy to sustainably manage its timberland resources, support long-term sustainable cash flow generation, effectively allocate capital and drive long-term shareholder value. The company intends to actively manage its timberlands to maximize net present value over the long term by achieving an optimal balance among biological timber growth, generation of cash flow from harvesting activities, and responsible environmental stewardship. Going forward, Rayonier’s harvesting strategy is designed to produce a long-term, sustainable yield, although it may adjust harvest levels periodically to capitalize on then-current economic conditions in its markets. Rayonier intends to selectively pursue timberland acquisition opportunities that improve the average productivity of its timberland holdings and support cash flow generation from harvesting activities. In Forest Resources, Rayonier anticipates full-year results to be comparable to 2013, with stronger prices in the U.S. South offset by lower prices in the U.S. Pacific Northwest and New Zealand largely due to lower export demand in the second half of the year, and by a reduction in fourth quarter Northwest harvest volumes as Rayonier implements its new strategy for achieving long-term sustainable yield. In Real Estate, Rayonier now expects full-year results to be approximately 15% below 2013, based on the anticipated timing of land sale closings originally forecasted for late 2014. Beyond 2014, Rayonier anticipates that U.S. housing will continue its gradual recovery, sawlog prices will continue to strengthen, and demand for logs in Asia will be strong over the long-term, benefiting its U.S. Pacific Northwest and New Zealand operations. While Rayonier expects these trends to result in stronger product prices over time, Rayonier’s results will be impacted by significantly lower harvest volume in the Northwest and by a planned reduction in sales of non-strategic timberland, consistent with its new strategy.
07:07 EDTRYNRayonier reduces regular quarterly dividend to 25c from 30c
Rayonier’s board of directors declared a fourth quarter cash dividend of 25c per common share, payable on December 31, to shareholders of record on December 17. This represents a 17% reduction from the third quarter dividend of 30c per common share, reflecting Rayonier’s expectation of reduced cash available for distribution due to lower expected annual harvest levels, as well as reduced reliance on sales of non-strategic timberlands to augment cash flow generation.
07:06 EDTRYNRayonier restates financial results Q1, Q2
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07:04 EDTRYNRayonier reports Q3 EPS 27c, consensus 19c
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