Rayonier Advanced Materials (NYSE:RYAM) Releases Quarterly Earnings Results, Misses Estimates By $0.60 EPS

Rayonier Advanced Materials (NYSE:RYAM) posted its quarterly earnings data on Tuesday. The basic materials company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.60), Zacks reports. Rayonier Advanced Materials had a negative net margin of 32.82% and a negative return on equity of 39.72%. The company had revenue of $319.07 million for the quarter, compared to analyst estimates of $302.63 million.

Rayonier Advanced Materials Stock Performance

Rayonier Advanced Materials stock traded down $0.42 during mid-day trading on Thursday, hitting $9.41. The company had a trading volume of 556,909 shares, compared to its average volume of 1,090,090. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 2.39. Rayonier Advanced Materials has a 12-month low of $3.35 and a 12-month high of $11.85. The company’s fifty day moving average is $10.17 and its 200-day moving average is $8.08. The company has a market capitalization of $633.80 million, a price-to-earnings ratio of -1.33 and a beta of 1.79.

Wall Street Analyst Weigh In

RYAM has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Royal Bank Of Canada upped their price objective on shares of Rayonier Advanced Materials from $9.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.00.

Institutional Investors Weigh In On Rayonier Advanced Materials

Several hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its position in shares of Rayonier Advanced Materials by 1.5% during the 4th quarter. Deutsche Bank AG now owns 151,944 shares of the basic materials company’s stock valued at $895,000 after buying an additional 2,292 shares in the last quarter. Barclays PLC lifted its position in shares of Rayonier Advanced Materials by 4.5% during the 4th quarter. Barclays PLC now owns 100,484 shares of the basic materials company’s stock valued at $592,000 after buying an additional 4,348 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Rayonier Advanced Materials by 19.1% during the 4th quarter. Intech Investment Management LLC now owns 27,725 shares of the basic materials company’s stock valued at $163,000 after buying an additional 4,438 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Rayonier Advanced Materials by 39.5% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 20,198 shares of the basic materials company’s stock valued at $119,000 after buying an additional 5,721 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

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.