Rayonier Advanced Materials (NYSE:RYAM) Announces Earnings Results

by · The Cerbat Gem

Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) announced its earnings results on Tuesday. The basic materials company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.23), FiscalAI reports. Rayonier Advanced Materials had a negative return on equity of 13.64% and a negative net margin of 28.21%.The company had revenue of $417.00 million for the quarter, compared to analysts’ expectations of $364.07 million.

Rayonier Advanced Materials Stock Down 2.0%

NYSE:RYAM traded down $0.19 during trading hours on Tuesday, hitting $9.37. The stock had a trading volume of 1,415,635 shares, compared to its average volume of 1,060,256. The company has a market cap of $627.88 million, a PE ratio of -1.50 and a beta of 2.14. The business has a 50 day simple moving average of $7.81 and a two-hundred day simple moving average of $6.89. Rayonier Advanced Materials has a 1-year low of $3.35 and a 1-year high of $10.45. The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 2.26.

Analysts Set New Price Targets

A number of brokerages have issued reports on RYAM. Wall Street Zen raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research note on Thursday, January 22nd. Finally, Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.00.

Check Out Our Latest Report on Rayonier Advanced Materials

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of large investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Rayonier Advanced Materials during the fourth quarter worth $126,000. Numerai GP LLC acquired a new stake in shares of Rayonier Advanced Materials during the fourth quarter worth $418,000. Cinctive Capital Management LP bought a new position in shares of Rayonier Advanced Materials in the 4th quarter worth about $187,000. Balyasny Asset Management L.P. acquired a new position in shares of Rayonier Advanced Materials in the 4th quarter valued at about $117,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Rayonier Advanced Materials by 13.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,121 shares of the basic materials company’s stock valued at $231,000 after buying an additional 4,714 shares during the last quarter. 68.64% of the stock is owned by institutional investors and hedge funds.

Rayonier Advanced Materials Company Profile

(Get Free Report)

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.

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