Rayonier Advanced Materials (RYAM) Scheduled to Post Quarterly Earnings on Tuesday

Rayonier Advanced Materials (NYSE:RYAM) will announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.24) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.26. Rayonier Advanced Materials had a negative net margin of 4.82% and a negative return on equity of 3.96%. The business had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $407.10 million. During the same period in the prior year, the business earned ($0.25) earnings per share. 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 Up 1.8 %

Shares of NYSE RYAM opened at $8.10 on Monday. The stock has a market cap of $533.71 million, a PE ratio of -6.86 and a beta of 3.01. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Rayonier Advanced Materials has a 12-month low of $2.69 and a 12-month high of $8.97. The company has a 50-day moving average of $8.02 and a 200 day moving average of $6.43.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their target price on Rayonier Advanced Materials from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Thursday, September 19th.

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.