Rayonier Advanced Materials (NYSE:RYAM) Announces Earnings Results

Key Points

• Rayonier Advanced Materials reported a quarterly loss of $3.40 per share and revenue of $383 million, below analyst estimates of $389.37 million.
• The company reported a negative net margin of 9.53% and negative return on equity of 46.19%; its debt-to-equity ratio was 3.83.
• Analysts’ average rating was Hold, with an average price target of $13. The stock rose 3.6% to $6.91 on Tuesday.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) released its earnings results on Tuesday. The basic materials company reported ($3.40) EPS for the quarter, FiscalAI reports. The company had revenue of $383.00 million during the quarter, compared to analyst estimates of $389.37 million. Rayonier Advanced Materials had a negative return on equity of 46.19% and a negative net margin of 9.53%.

Rayonier Advanced Materials Stock Performance

RYAM traded up $0.24 during trading on Tuesday, reaching $6.91. 1,772,250 shares of the company's stock were exchanged, compared to its average volume of 1,028,350. Rayonier Advanced Materials has a 1 year low of $5.38 and a 1 year high of $11.85. 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 stock has a market capitalization of $467.66 million, a P/E ratio of -3.29 and a beta of 1.84. The company's fifty day simple moving average is $7.75 and its 200-day simple moving average is $8.66.

Wall Street Analyst Weigh In

RYAM has been the topic of a number of recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Rayonier Advanced Materials in a research note on Thursday, October 15th. Royal Bank Of Canada lowered their price objective on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Friday, July 17th. Wall Street Zen raised shares of Rayonier Advanced Materials from a "sell" rating to a "hold" rating in a report on Monday, July 20th. Finally, Zacks Research raised Rayonier Advanced Materials from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.00.

Rayonier Advanced Materials Company Profile

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.

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