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

Rayonier Advanced Materials (NYSE:RYAM) announced its quarterly earnings data on Tuesday. The basic materials company reported ($3.40) earnings per share (EPS) for the quarter, FiscalAI reports. Rayonier Advanced Materials had a negative net margin of 9.53% and a negative return on equity of 46.19%. The company had revenue of $383.00 million for the quarter, compared to the consensus estimate of $389.37 million.

Rayonier Advanced Materials Trading Up 3.7%

Rayonier Advanced Materials stock traded up $0.24 during trading hours on Tuesday, reaching $6.91. The stock had a trading volume of 1,772,250 shares, compared to its average volume of 1,028,350. The stock has a market cap of $467.66 million, a PE ratio of -3.29 and a beta of 1.84. Rayonier Advanced Materials has a 52 week low of $5.38 and a 52 week high of $11.85. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.37 and a quick ratio of 0.85. The company has a fifty day simple moving average of $7.72 and a 200-day simple moving average of $8.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RYAM shares. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Thursday, October 15th. Royal Bank Of Canada reduced their price target on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Finally, Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.00.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc (NYSE: RYAM) is a specialty materials company that manufactures cellulose-based products for industrial and consumer applications. Its portfolio includes high-purity cellulose, cellulose specialties, and other engineered materials used in products such as acetate tow for cigarette filters, pharmaceutical and food-grade excipients, coatings, films, plastics, and other specialty applications.

The company also produces performance fibers and related cellulose products for markets including textiles, nonwovens, and industrial materials.