Rayonier Advanced Materials (RYAM) Earning Somewhat Positive Media Coverage, Analysis Shows
Press coverage about Rayonier Advanced Materials (NYSE:RYAM) has trended somewhat positive on Wednesday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rayonier Advanced Materials earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.2631495700572 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms recently issued reports on RYAM. Royal Bank of Canada reissued a “buy” rating and issued a $18.00 price objective on shares of Rayonier Advanced Materials in a report on Monday, August 21st. Sidoti assumed coverage on shares of Rayonier Advanced Materials in a report on Thursday, August 17th. They issued a “buy” rating and a $19.00 price objective on the stock. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Rayonier Advanced Materials currently has a consensus rating of “Buy” and a consensus target price of $18.83.
Rayonier Advanced Materials (NYSE:RYAM) opened at $19.11 on Wednesday. The firm has a market cap of $820.09, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 5.92 and a beta of 4.41. The company has a current ratio of 1.46, a quick ratio of 1.20 and a debt-to-equity ratio of 2.19. Rayonier Advanced Materials has a 1-year low of $11.88 and a 1-year high of $19.95.
Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $200.66 million. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. equities research analysts forecast that Rayonier Advanced Materials will post 0.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, December 14th. Rayonier Advanced Materials’s payout ratio is currently 43.75%.
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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