Wall Street analysts forecast that Rayonier Advanced Materials Inc (NYSE:RYAM) will announce ($0.21) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Rayonier Advanced Materials’ earnings, with estimates ranging from ($0.21) to ($0.20). Rayonier Advanced Materials reported earnings per share of $0.19 during the same quarter last year, which indicates a negative year-over-year growth rate of 210.5%. The business is scheduled to issue its next earnings report on Wednesday, February 12th.
According to Zacks, analysts expect that Rayonier Advanced Materials will report full year earnings of ($1.28) per share for the current financial year, with EPS estimates ranging from ($1.35) to ($1.20). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.58) per share, with EPS estimates ranging from ($0.65) to ($0.50). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Rayonier Advanced Materials.
Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Monday, November 4th. The basic materials company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.16). Rayonier Advanced Materials had a negative return on equity of 5.65% and a negative net margin of 1.99%. The business had revenue of $416.00 million for the quarter, compared to analyst estimates of $471.24 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year.
Several brokerages recently commented on RYAM. Zacks Investment Research upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “buy” rating and set a $5.00 target price for the company in a report on Wednesday. Bank of America cut shares of Rayonier Advanced Materials from a “buy” rating to an “underperform” rating in a report on Thursday, August 8th. Sidoti cut shares of Rayonier Advanced Materials from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. ValuEngine upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Berenberg Bank cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $5.00 in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $9.50.
In other news, CEO Paul G. Boynton purchased 100,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of $3.63 per share, for a total transaction of $363,000.00. Following the completion of the purchase, the chief executive officer now directly owns 500,594 shares in the company, valued at approximately $1,817,156.22. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.09% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Sigma Planning Corp increased its position in Rayonier Advanced Materials by 7.9% during the second quarter. Sigma Planning Corp now owns 27,443 shares of the basic materials company’s stock worth $178,000 after acquiring an additional 2,012 shares during the period. GSA Capital Partners LLP increased its holdings in Rayonier Advanced Materials by 28.3% in the 2nd quarter. GSA Capital Partners LLP now owns 18,490 shares of the basic materials company’s stock valued at $120,000 after buying an additional 4,080 shares during the period. Tyers Asset Management LLC increased its holdings in Rayonier Advanced Materials by 70.0% in the 2nd quarter. Tyers Asset Management LLC now owns 10,528 shares of the basic materials company’s stock valued at $68,000 after buying an additional 4,336 shares during the period. Bank of Montreal Can increased its holdings in Rayonier Advanced Materials by 222.2% in the 2nd quarter. Bank of Montreal Can now owns 7,044 shares of the basic materials company’s stock valued at $46,000 after buying an additional 4,858 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in Rayonier Advanced Materials in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.
Shares of RYAM opened at $4.35 on Friday. Rayonier Advanced Materials has a 12 month low of $2.50 and a 12 month high of $15.66. The firm has a fifty day simple moving average of $4.28 and a 200 day simple moving average of $5.94. The stock has a market capitalization of $174.97 million, a price-to-earnings ratio of 2.57 and a beta of 3.78. The company has a current ratio of 2.15, a quick ratio of 1.09 and a debt-to-equity ratio of 1.90.
Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Japan, Europe, Latin America, other Asian countries, Canada, and internationally. The company operates through High Purity Cellulose, Forest Products, Pulp, and Paper segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
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