Rayonier Advanced Materials (NYSE:RYAM) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Rayonier Advanced Materials (NYSE:RYAM) announced its earnings results on Wednesday. The basic materials company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02, Zacks reports. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%.

Rayonier Advanced Materials Price Performance

Shares of Rayonier Advanced Materials stock traded up $0.02 during trading hours on Wednesday, reaching $7.50. The company’s stock had a trading volume of 487,675 shares, compared to its average volume of 411,499. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. Rayonier Advanced Materials has a one year low of $3.58 and a one year high of $10.28. The stock has a market cap of $494.17 million, a P/E ratio of -5.86 and a beta of 2.99. The firm has a 50 day moving average price of $7.68 and a 200-day moving average price of $8.04.

Wall Street Analysts Forecast Growth

RYAM has been the subject of a number of research reports. Royal Bank of Canada increased their price target on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

Insider Activity

In other news, Director Eric Bowen bought 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $8.04 per share, with a total value of $100,500.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $100,500. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.14% of the company’s stock.

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.