Rayonier Advanced Materials (RYAM) to Release Quarterly Earnings on Tuesday

Posted by Trevor Kearing on May 6th, 2024

Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Rayonier Advanced Materials to post earnings of ($0.01) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The basic materials company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.16). Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. The company had revenue of $422.00 million during the quarter, compared to the consensus estimate of $442.40 million. On average, analysts expect Rayonier Advanced Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rayonier Advanced Materials Price Performance

Rayonier Advanced Materials stock opened at $3.98 on Monday. The firm has a 50 day moving average price of $4.22 and a 200-day moving average price of $3.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.53 and a quick ratio of 0.98. Rayonier Advanced Materials has a twelve month low of $2.66 and a twelve month high of $5.76.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.

View Our Latest Analysis on Rayonier Advanced Materials

About Rayonier Advanced Materials

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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.