Rayonier Advanced Materials (NYSE:RYAM) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Rayonier Advanced Materials stock traded down $1.05 on Thursday, hitting $12.62. 941,300 shares of the stock traded hands, compared to its average volume of 491,375. The company has a current ratio of 1.94, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $764.89 million, a P/E ratio of 7.47, a P/E/G ratio of 0.72 and a beta of 3.59. Rayonier Advanced Materials has a 1 year low of $9.45 and a 1 year high of $22.96.
Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.16). The firm had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $541.71 million. Rayonier Advanced Materials had a net margin of 6.05% and a return on equity of 15.08%. The business’s quarterly revenue was up 50.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. Analysts predict that Rayonier Advanced Materials will post 1.18 earnings per share for the current year.
About Rayonier Advanced Materials
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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