Rayonier Advanced Materials (NYSE:RYAM) Announces Quarterly Earnings Results

Rayonier Advanced Materials (NYSE:RYAM) issued its quarterly earnings data on Tuesday. The basic materials company reported ($0.12) EPS 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 analyst estimates of $412.20 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. During the same period last year, the business posted ($0.41) earnings per share.

Rayonier Advanced Materials Trading Up 0.2 %

NYSE:RYAM traded up $0.02 on Friday, hitting $10.02. 261,194 shares of the company’s stock were exchanged, compared to its average volume of 537,493. The firm has a 50-day moving average price of $8.14 and a 200-day moving average price of $6.53. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials has a 52 week low of $3.02 and a 52 week high of $10.24.

Wall Street Analyst Weigh In

RYAM has been the topic of a number of research reports. Royal Bank of Canada boosted their price target on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Wednesday.

About Rayonier Advanced Materials

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.