Headlines about Rayonier Advanced Materials (NYSE:RYAM) have trended positive this week, according to AlphaOne. The research group, a unit of Accern, identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rayonier Advanced Materials earned a coverage optimism score of 0.40 on AlphaOne’s scale. AlphaOne also assigned media stories about the basic materials company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Alpha One Sentiment’s scoring:

Rayonier Advanced Materials (NYSE:RYAM) traded up 1.74% during trading on Thursday, hitting $12.89. The stock had a trading volume of 226,805 shares. Rayonier Advanced Materials has a 1-year low of $9.59 and a 1-year high of $17.38. The firm has a 50 day moving average price of $12.98 and a 200-day moving average price of $13.88. The firm has a market capitalization of $557.62 million, a PE ratio of 8.29 and a beta of 4.43.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings results on Monday, January 30th. The basic materials company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm earned $231 million during the quarter, compared to analyst estimates of $206.68 million. Rayonier Advanced Materials had a net margin of 8.39% and a return on equity of 59.49%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. On average, equities research analysts expect that Rayonier Advanced Materials will post $0.83 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.17%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is currently 17.83%.

RYAM has been the topic of several research reports. Royal Bank of Canada raised Rayonier Advanced Materials from a “sector perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research report on Monday, February 27th. Zacks Investment Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Finally, Bank of America Corp raised Rayonier Advanced Materials from an “underperform” rating to a “neutral” rating and set a $17.00 target price on the stock in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.20.

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About Rayonier Advanced Materials

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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