Equities research analysts forecast that Rayonier Advanced Materials Inc (NYSE:RYAM) will report ($0.47) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Rayonier Advanced Materials’ earnings. Rayonier Advanced Materials posted earnings per share of ($0.35) during the same quarter last year, which would suggest a negative year-over-year growth rate of 34.3%. The business is expected to announce its next earnings report on Wednesday, August 5th.
According to Zacks, analysts expect that Rayonier Advanced Materials will report full-year earnings of ($1.04) per share for the current year, with EPS estimates ranging from ($1.20) to ($0.87). For the next year, analysts expect that the company will post earnings of ($0.60) per share, with EPS estimates ranging from ($0.75) to ($0.44). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Rayonier Advanced Materials.
Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.04. The company had revenue of $410.00 million during the quarter. Rayonier Advanced Materials had a negative return on equity of 15.68% and a negative net margin of 1.35%.
Several research analysts have recently commented on RYAM shares. ValuEngine upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Zacks Investment Research upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a report on Tuesday, May 19th. Bank of America upgraded Rayonier Advanced Materials from an “underperform” rating to a “buy” rating and set a $3.60 target price for the company in a report on Friday, June 19th. Finally, Royal Bank of Canada lowered Rayonier Advanced Materials from an “outperform” rating to a “sector perform” rating and set a $3.00 target price for the company. in a report on Friday, June 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Rayonier Advanced Materials has a consensus rating of “Buy” and a consensus target price of $3.40.
Rayonier Advanced Materials stock traded up $0.32 during mid-day trading on Thursday, hitting $2.66. The company’s stock had a trading volume of 463,400 shares, compared to its average volume of 807,785. Rayonier Advanced Materials has a 1 year low of $0.90 and a 1 year high of $6.81. The stock’s fifty day moving average is $2.35 and its two-hundred day moving average is $2.46. The firm has a market capitalization of $177.73 million, a PE ratio of -4.76 and a beta of 3.99. The company has a current ratio of 1.89, a quick ratio of 1.01 and a debt-to-equity ratio of 1.66.
A number of hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in Rayonier Advanced Materials by 1.6% in the 1st quarter. State Street Corp now owns 1,738,889 shares of the basic materials company’s stock valued at $1,843,000 after acquiring an additional 27,238 shares during the period. Royal Bank of Canada increased its position in Rayonier Advanced Materials by 66.3% in the 1st quarter. Royal Bank of Canada now owns 48,243 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 19,235 shares during the period. Public Employees Retirement Association of Colorado increased its position in Rayonier Advanced Materials by 176.0% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 34,865 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 22,231 shares during the period. Invesco Ltd. increased its position in Rayonier Advanced Materials by 19.5% in the 1st quarter. Invesco Ltd. now owns 1,052,704 shares of the basic materials company’s stock valued at $1,116,000 after acquiring an additional 172,092 shares during the period. Finally, Luminus Management LLC acquired a new position in Rayonier Advanced Materials in the 1st quarter valued at about $1,087,000. Hedge funds and other institutional investors own 67.50% of the company’s stock.
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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