Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) announced its quarterly earnings results on Tuesday. The basic materials company reported ($3.40) earnings per share 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 analysts’ expectations of $389.37 million.
Rayonier Advanced Materials Price Performance
NYSE RYAM traded up $0.24 during trading hours on Tuesday, reaching $6.91. The company’s stock had a trading volume of 1,772,250 shares, compared to its average volume of 1,028,350. The firm has a market capitalization of $467.66 million, a price-to-earnings ratio of -3.29 and a beta of 1.84. Rayonier Advanced Materials has a 1-year low of $5.38 and a 1-year 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’s 50-day moving average is $7.75 and its two-hundred day moving average is $8.66.
Wall Street Analyst Weigh In
Several equities research analysts have commented on RYAM shares. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Thursday, October 15th. Wall Street Zen raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank Of Canada decreased their target price on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, Zacks Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.
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