Rayonier Advanced Materials Inc. (RYAM) to Release Earnings on Wednesday
Rayonier Advanced Materials Inc. (NYSE:RYAM) is set to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Rayonier Advanced Materials to post earnings of $0.15 per share for the quarter.
Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.15). The firm had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $214.00 million. Rayonier Advanced Materials had a return on equity of 24.17% and a net margin of 5.71%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. On average, analysts expect Rayonier Advanced Materials to post $0.59 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.
Rayonier Advanced Materials Inc. (RYAM) opened at 14.09 on Wednesday. The stock has a market capitalization of $609.76 million, a PE ratio of 16.94 and a beta of 4.27. The firm has a 50-day moving average price of $13.83 and a 200 day moving average price of $14.28. Rayonier Advanced Materials Inc. has a 12 month low of $11.87 and a 12 month high of $17.60.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 annualized dividend and a yield of 1.99%. Rayonier Advanced Materials’s payout ratio is presently 35.00%.
Several research firms have weighed in on RYAM. Zacks Investment Research upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, July 20th. BidaskClub downgraded Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. ValuEngine upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Vertical Research upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Vertical Group upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating and upped their target price for the stock from $18.00 to $19.00 in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $18.50.
In related news, Director Delyle W. Bloomquist bought 5,600 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $13.48 per share, for a total transaction of $75,488.00. Following the completion of the purchase, the director now directly owns 27,904 shares of the company’s stock, valued at $376,145.92. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.14% of the stock is owned by corporate insiders.
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Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.
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