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Rayonier Q3 adjusted EPS and EBITDA beat estimates

By Reuters News


Overview

  • U.S. timberland REIT's Q3 adjusted EPS and net income beat analyst expectations

  • Q3 adjusted EBITDA beat analyst expectations

  • Company repurchased $59.8 mln in shares and approved new $300 mln buyback program


Outlook

  • Rayonier expects Southern Timber full-year harvest volumes of 12.2 to 12.4 mln tons

  • Company expects Northwest Timber full-year harvest volumes of 2.0 to 2.1 mln tons

  • Rayonier expects Wood Products lumber shipments of about 1.1 bln board feet for 2026


Result Drivers

  • SOUTHERN TIMBER VOLUME - Higher harvest volumes from PotlatchDeltic timberlands drove Southern Timber results

  • NORTHWEST TIMBER GROWTH - Increased harvest volumes from PotlatchDeltic timberlands and higher Idaho sawlog prices boosted Northwest Timber

  • WOOD PRODUCTS PRICING - Strong lumber prices and steady shipment volumes supported Wood Products segment


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Pro Forma EPS

Beat

$0.13

$0.11 (5 Analysts)

Q3 EPS

$0.41

Q3 Pro Forma Net Income

Beat

$40 mln

$33.77 mln (3 Analysts)

Q3 Net Income

$123.30 mln

Q3 Adjusted EBITDA

Beat

$144.60 mln

$126.009 mln (4 Analysts)

Q3 Operating Income

$146.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the specialized reits peer group is "buy"

  • Wall Street's median 12-month price target for Rayonier Inc. is $23.50, about 19.8% above its November 3 closing price of $19.62

  • The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 38 three months ago


Reuters Recommended Reads

  • Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook

  • Nov 3 - One Liberty Properties Q3 revenue rises on industrial acquisitions, higher rental income

  • Nov 2 - Boise Cascade Q3 sales rise, beat estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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