Rayonier Advanced Materials (NYSE:RYAM) Releases Earnings Results, Beats Expectations By $0.02 EPS

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) announced its earnings results on Wednesday. The basic materials company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02, Zacks reports. The business had revenue of $422.00 million during the quarter, compared to the consensus estimate of $418.50 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%.

Rayonier Advanced Materials Stock Performance

Shares of Rayonier Advanced Materials stock traded down $0.18 during trading hours on Friday, reaching $6.00. The company's stock had a trading volume of 985,489 shares, compared to its average volume of 448,484. The company's 50 day simple moving average is $7.62 and its 200 day simple moving average is $8.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. Rayonier Advanced Materials has a one year low of $3.71 and a one year high of $10.28. The stock has a market cap of $395.17 million, a P/E ratio of -4.68 and a beta of 2.99.

Insider Transactions at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, Director Eric Bowen purchased 12,500 shares of Rayonier Advanced Materials stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the transaction, the director now owns 12,500 shares in the company, valued at $100,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.14% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have commented on RYAM shares. StockNews.com upgraded shares of Rayonier Advanced Materials from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Royal Bank of Canada reduced their price objective on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday.

Rayonier Advanced Materials Company Profile

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.