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

Rayonier Advanced Materials (NYSE:RYAM) released its earnings results on Tuesday. The basic materials company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06, Zacks reports. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. The company had revenue of $401.00 million for the quarter, compared to the consensus estimate of $412.20 million. During the same quarter last year, the business posted ($0.41) EPS.

Rayonier Advanced Materials Stock Performance

Shares of NYSE RYAM traded down $0.01 during mid-day trading on Friday, hitting $9.99. The company had a trading volume of 200,937 shares, compared to its average volume of 537,215. Rayonier Advanced Materials has a 12 month low of $3.02 and a 12 month high of $10.24. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The firm’s 50 day simple moving average is $8.14 and its two-hundred day simple moving average is $6.53.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Wednesday.

Rayonier Advanced Materials Company Profile

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.