Rayonier Advanced Materials (NYSE:RYAM) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Rayonier Advanced Materials (NYSE:RYAM) issued its quarterly earnings data on Wednesday. The basic materials company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.17), Briefing.com reports. The company had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $497.01 million. Rayonier Advanced Materials had a return on equity of 1.66% and a net margin of 0.69%. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share.

Shares of RYAM stock traded down $0.10 during trading on Friday, hitting $2.87. The company’s stock had a trading volume of 3,020,778 shares, compared to its average volume of 1,501,947. The company has a market cap of $249.00 million, a P/E ratio of 1.70 and a beta of 3.61. The company has a current ratio of 2.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.78. The business’s fifty day moving average is $5.39. Rayonier Advanced Materials has a 52 week low of $2.81 and a 52 week high of $22.07.

Several brokerages have recently commented on RYAM. TheStreet downgraded Rayonier Advanced Materials from a “b-” rating to a “c” rating in a research note on Monday, May 13th. Sidoti downgraded Rayonier Advanced Materials from a “buy” rating to a “neutral” rating in a research note on Thursday. Bank of America lowered Rayonier Advanced Materials from a “buy” rating to an “underperform” rating in a report on Thursday. Zacks Investment Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, DA Davidson reduced their target price on Rayonier Advanced Materials to $18.00 and set a “buy” rating for the company in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Rayonier Advanced Materials presently has an average rating of “Hold” and an average target price of $19.33.

Hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management grew its holdings in shares of Rayonier Advanced Materials by 1.3% in the first quarter. LSV Asset Management now owns 1,823,208 shares of the basic materials company’s stock valued at $24,722,000 after acquiring an additional 23,050 shares in the last quarter. Norges Bank bought a new position in Rayonier Advanced Materials during the fourth quarter valued at $4,648,000. Raymond James Trust N.A. bought a new position in Rayonier Advanced Materials during the first quarter valued at $209,000. Hawkeye Capital Management LLC bought a new position in Rayonier Advanced Materials during the first quarter valued at $3,625,000. Finally, Quantinno Capital Management LP bought a new position in Rayonier Advanced Materials during the first quarter valued at $681,000. 99.75% of the stock is owned by institutional investors.

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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Earnings History for Rayonier Advanced Materials (NYSE:RYAM)

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