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Stock Market & Financial Investment News

News Breaks
June 30, 2014
06:39 EDTRYNRayonier downgraded to Sector Perform from Outperform at RBC Capital
News For RYN From The Last 14 Days
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February 11, 2016
10:32 EDTRYNRayonier to be 'aggressive' with capital allocation plans
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10:22 EDTRYNRayonier sees FY16 interest expense about $28M
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09:37 EDTRYNRayonier sees FY16 revenue $500M-$520M, consensus $544.33M
Sees FY16 pro forma operating income $58M-$83M. Sees FY16 adjusted EBITDA $185M-$210M. Sees FY16 CapEx $60M-$65M. Sees FY16 DD&A roughly $107M. Sees FY16 non-cash cost of land and real estate sold roughly $20M. Guidance taken from slides to be presented on Q4 earnings conference call. In early trading, Rayonier shares gained 3.46% to $19.73.
February 10, 2016
16:28 EDTRYNRayonier provides 2016 outlook
The company said, "In 2016, we expect a modest increase in Southern harvest volume, reflecting recent acquisitions, at prices generally comparable to 2015. We continue to believe that U.S. housing starts will improve gradually, but that in 2016 we will not reach conditions favorable to significantly improve sawlog pricing. In the Pacific Northwest, we expect volumes comparable to 2015 and are cautiously optimistic that prices will improve from current levels, which will largely depend upon export market conditions. In our New Zealand joint venture, we anticipate a reduction in harvest volume of approximately 10% due to timber age-class variations, with average prices broadly in line with 2015. Also, we are on track with our previously announced plans to recapitalize our New Zealand joint venture and thereby reduce consolidated interest expense while increasing our ownership interest from 65% to an estimated 77%. In our Real Estate segment, we expect continued steady demand for rural properties. We also anticipate strengthening interest in selected development properties, particularly as we begin to sell parcels within our East Nassau mixed use development project, which we anticipate in the second half of 2016. We are also planning on a higher level of investment in 2016 as we ramp up our development efforts in this area."
16:27 EDTRYNRayonier announces new $100M share repurchase plan
The repurchase program has no time limit and may be suspended for periods or discontinued at any time.
16:26 EDTRYNRayonier reports Q4 pro forma EPS 9c, consensus 6c
16:26 EDTRYNRayonier reports Q4 EPS 8c, consensus 6c
Reports Q4 revenue $137.1M, consensus $128.59M.

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