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

Rayonier Advanced Materials (NYSE:RYAM) issued its earnings results on Tuesday. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06, Zacks reports. Rayonier Advanced Materials had a negative net margin of 4.82% and a negative return on equity of 3.96%. The business had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $412.20 million. During the same quarter in the previous year, the firm posted ($0.41) EPS.

Rayonier Advanced Materials Price Performance

NYSE RYAM traded up $1.75 during trading on Wednesday, reaching $9.88. The company’s stock had a trading volume of 1,276,577 shares, compared to its average volume of 531,318. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.09. The firm has a fifty day moving average of $8.04 and a 200 day moving average of $6.48. The stock has a market capitalization of $650.99 million, a PE ratio of -8.36 and a beta of 3.01. Rayonier Advanced Materials has a one year low of $2.91 and a one year high of $10.17.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Rayonier Advanced Materials from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Thursday, August 8th.

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.