Equities research analysts forecast that Rayonier Advanced Materials Inc. (NYSE:RYAM) will announce ($0.14) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Rayonier Advanced Materials' earnings, with estimates ranging from ($0.16) to ($0.12). Rayonier Advanced Materials reported earnings of ($0.29) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 51.7%. The company is expected to report its next earnings results on Monday, November 2nd.
According to Zacks, analysts expect that Rayonier Advanced Materials will report full-year earnings of ($0.85) per share for the current year, with EPS estimates ranging from ($0.89) to ($0.80). For the next year, analysts anticipate that the firm will report earnings of ($0.61) per share, with EPS estimates ranging from ($0.70) to ($0.51). Zacks' EPS averages are an average based on a survey of analysts that follow Rayonier Advanced Materials.
Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.08. The company had revenue of $397.00 million for the quarter. Rayonier Advanced Materials had a negative net margin of 1.30% and a negative return on equity of 18.34%.
A number of brokerages have commented on RYAM. Bank of America raised shares of Rayonier Advanced Materials from an "underperform" rating to a "buy" rating and set a $3.60 price target on the stock in a research report on Friday, June 19th. Royal Bank of Canada reaffirmed a "hold" rating and set a $3.50 price target on shares of Rayonier Advanced Materials in a research report on Thursday, August 20th. ValuEngine cut shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research raised shares of Rayonier Advanced Materials from a "hold" rating to a "buy" rating and set a $4.25 price target on the stock in a research report on Wednesday, October 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Rayonier Advanced Materials presently has an average rating of "Buy" and a consensus target price of $3.78.
Several hedge funds have recently added to or reduced their stakes in RYAM. DDD Partners LLC boosted its position in shares of Rayonier Advanced Materials by 54.7% during the 2nd quarter. DDD Partners LLC now owns 4,029,990 shares of the basic materials company's stock worth $11,324,000 after purchasing an additional 1,424,691 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Rayonier Advanced Materials in the 2nd quarter valued at about $1,603,000. Two Sigma Advisers LP increased its stake in Rayonier Advanced Materials by 104.3% in the 1st quarter. Two Sigma Advisers LP now owns 478,876 shares of the basic materials company's stock valued at $508,000 after buying an additional 244,500 shares during the last quarter. Invesco Ltd. grew its position in shares of Rayonier Advanced Materials by 19.5% during the 1st quarter. Invesco Ltd. now owns 1,052,704 shares of the basic materials company's stock valued at $1,116,000 after acquiring an additional 172,092 shares during the period. Finally, Bridgeway Capital Management Inc. grew its position in shares of Rayonier Advanced Materials by 56.1% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 417,600 shares of the basic materials company's stock valued at $1,173,000 after acquiring an additional 150,000 shares during the period. 65.09% of the stock is currently owned by institutional investors.
RYAM traded up $0.03 during trading on Friday, reaching $4.07. 327,841 shares of the stock traded hands, compared to its average volume of 692,431. The company has a quick ratio of 1.13, a current ratio of 1.95 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $257.84 million, a PE ratio of -9.69 and a beta of 3.75. The stock's 50-day moving average is $3.68 and its 200 day moving average is $2.60. Rayonier Advanced Materials has a 12 month low of $0.90 and a 12 month high of $4.87.
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, Paperboard, and Pulp & Newsprint segments.
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