Rayonier Advanced Materials (NYSE:RYAM) Releases Earnings Results

Rayonier Advanced Materials (NYSE:RYAM) issued its quarterly earnings data on Tuesday. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $383.00 million for the quarter, compared to analyst estimates of $389.37 million. Rayonier Advanced Materials had a negative return on equity of 46.19% and a negative net margin of 9.53%.

Rayonier Advanced Materials Price Performance

Shares of Rayonier Advanced Materials stock opened at $6.91 on Wednesday. The business has a 50-day moving average of $7.72 and a 200 day moving average of $8.65. Rayonier Advanced Materials has a 12 month low of $5.38 and a 12 month high of $11.85. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.85 and a current ratio of 1.37.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Zacks Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Royal Bank Of Canada reduced their price target on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc (NYSE: RYAM) is a specialty materials company that manufactures cellulose-based products for industrial and consumer applications. Its portfolio includes high-purity cellulose, cellulose specialties, and other engineered materials used in products such as acetate tow for cigarette filters, pharmaceutical and food-grade excipients, coatings, films, plastics, and other specialty applications.

The company also produces performance fibers and related cellulose products for markets including textiles, nonwovens, and industrial materials.