Rayonier Advanced Materials (RYAM) Set to Announce Quarterly Earnings on Tuesday

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect Rayonier Advanced Materials to post earnings of ($0.01) per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.16). The company had revenue of $422.00 million during the quarter, compared to analysts' expectations of $442.40 million. Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. On average, analysts expect Rayonier Advanced Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rayonier Advanced Materials Stock Down 9.7 %

NYSE:RYAM traded down $0.40 during trading hours on Tuesday, reaching $3.73. 690,793 shares of the company traded hands, compared to its average volume of 511,835. Rayonier Advanced Materials has a 1 year low of $2.66 and a 1 year high of $5.76. The stock has a market capitalization of $244.46 million, a P/E ratio of -2.40 and a beta of 3.03. The business's 50-day moving average price is $4.26 and its two-hundred day moving average price is $3.90. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 1.01.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Rayonier Advanced Materials from a "sell" rating to a "hold" rating in a report on Monday, April 22nd.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company's products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.