What is Sidoti Csr's Estimate for RYAM Q3 Earnings?

Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) - Research analysts at Sidoti Csr raised their Q3 2024 earnings per share (EPS) estimates for shares of Rayonier Advanced Materials in a research report issued on Wednesday, October 30th. Sidoti Csr analyst D. Harriman now forecasts that the basic materials company will post earnings of ($0.18) per share for the quarter, up from their previous forecast of ($0.24). The consensus estimate for Rayonier Advanced Materials' current full-year earnings is ($0.36) per share. Sidoti Csr also issued estimates for Rayonier Advanced Materials' Q4 2024 earnings at ($0.47) EPS and FY2024 earnings at ($0.48) EPS.

RYAM has been the subject of several other reports. Royal Bank of Canada lifted their target price on Rayonier Advanced Materials from $9.00 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. StockNews.com upgraded shares of Rayonier Advanced Materials from a "hold" rating to a "buy" rating in a report on Thursday, August 8th.

Rayonier Advanced Materials Stock Up 2.4 %

RYAM traded up $0.19 during trading on Friday, reaching $8.15. 336,202 shares of the stock were exchanged, compared to its average volume of 524,447. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.69. The stock's 50 day moving average price is $8.00 and its two-hundred day moving average price is $6.37. Rayonier Advanced Materials has a twelve month low of $2.69 and a twelve month high of $8.97. The stock has a market cap of $537.00 million, a P/E ratio of -6.74 and a beta of 2.99.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.26. Rayonier Advanced Materials had a negative return on equity of 3.96% and a negative net margin of 4.82%. The firm had revenue of $419.00 million during the quarter, compared to analysts' expectations of $407.10 million. During the same period in the prior year, the firm posted ($0.25) earnings per share.

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of large investors have recently added to or reduced their stakes in RYAM. Dimensional Fund Advisors LP grew its holdings in shares of Rayonier Advanced Materials by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,598,490 shares of the basic materials company's stock worth $19,576,000 after purchasing an additional 201,939 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Rayonier Advanced Materials by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,417,106 shares of the basic materials company's stock valued at $16,334,000 after buying an additional 31,281 shares in the last quarter. Boston Partners raised its position in shares of Rayonier Advanced Materials by 1,923.5% in the 1st quarter. Boston Partners now owns 2,161,539 shares of the basic materials company's stock valued at $10,307,000 after buying an additional 2,054,715 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Rayonier Advanced Materials by 471.8% during the 1st quarter. Russell Investments Group Ltd. now owns 1,997,437 shares of the basic materials company's stock worth $9,548,000 after acquiring an additional 1,648,101 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Rayonier Advanced Materials by 24.7% in the second quarter. American Century Companies Inc. now owns 1,516,198 shares of the basic materials company's stock valued at $8,248,000 after acquiring an additional 300,793 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company's stock.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company's products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.