Rayonier Advanced Materials (NYSE:RYAM) Issues Earnings Results, Beats Expectations By $0.06 EPS

by · The Cerbat Gem

Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) posted its quarterly earnings results on Tuesday. The basic materials company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06, Zacks reports. The business had revenue of $401.00 million for the quarter, compared to the consensus estimate of $412.20 million. Rayonier Advanced Materials had a negative return on equity of 3.96% and a negative net margin of 4.82%. During the same period in the prior year, the business earned ($0.41) EPS.

Rayonier Advanced Materials Stock Performance

Shares of Rayonier Advanced Materials stock traded up $1.75 during mid-day trading on Wednesday, hitting $9.88. 1,276,577 shares of the stock were exchanged, compared to its average volume of 531,318. The company has a market capitalization of $650.99 million, a P/E ratio of -8.36 and a beta of 3.01. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.69. The company has a 50-day simple moving average of $8.04 and a 200 day simple moving average of $6.48. Rayonier Advanced Materials has a 12 month low of $2.91 and a 12 month high of $10.17.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RYAM shares. StockNews.com upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Royal Bank of Canada upped their price target on Rayonier Advanced Materials from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th.

View Our Latest Stock Report on Rayonier Advanced Materials

About Rayonier Advanced Materials

(Get Free Report)

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company’s products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.

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