Rayonier Advanced Materials (NYSE:RYAM) Releases Quarterly Earnings Results

Rayonier Advanced Materials (NYSE:RYAM) announced its quarterly earnings results on Tuesday. The basic materials company reported ($0.13) EPS for the quarter, Zacks reports. Rayonier Advanced Materials had a negative return on equity of 52.08% and a negative net margin of 24.45%. The firm had revenue of $382.79 million for the quarter, compared to analysts’ expectations of $389.37 million.

Rayonier Advanced Materials Price Performance

Rayonier Advanced Materials stock traded down $0.71 during mid-day trading on Thursday, hitting $6.44. 758,282 shares of the company were exchanged, compared to its average volume of 1,029,218. 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 business’s 50 day simple moving average is $7.69 and its two-hundred day simple moving average is $8.65. The company has a market capitalization of $435.76 million, a P/E ratio of -1.19 and a beta of 1.95. Rayonier Advanced Materials has a 12-month low of $5.41 and a 12-month high of $11.85.

Analyst Ratings Changes

Several equities analysts recently issued reports on RYAM shares. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank Of Canada lowered their target price on Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Zacks Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rayonier Advanced Materials has a consensus rating of “Hold” and an average target price 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.