Rayonier Advanced Materials (NYSE:RYAM) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Rayonier Advanced Materials (NYSE:RYAMGet Free Report) announced 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. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The firm had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $412.20 million. During the same period in the prior year, the company earned ($0.41) EPS.

Rayonier Advanced Materials Price Performance

Shares of RYAM traded down $0.01 during trading on Friday, reaching $9.99. The company’s stock had a trading volume of 200,937 shares, compared to its average volume of 537,215. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The company has a fifty day moving average of $8.14 and a two-hundred day moving average of $6.53. Rayonier Advanced Materials has a twelve month low of $3.02 and a twelve month high of $10.24.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RYAM shares. Royal Bank of Canada raised their target price on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Wednesday.

View Our Latest Stock 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.

See Also

Earnings History for Rayonier Advanced Materials (NYSE:RYAM)

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