Rayonier Advanced Materials (RYAM) to Release Quarterly Earnings on Tuesday

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Rayonier Advanced Materials Stock Up 4.6 %

Shares of NYSE RYAM traded up $0.33 during midday trading on Friday, reaching $7.41. The company's stock had a trading volume of 687,111 shares, compared to its average volume of 390,627. The stock has a 50 day simple moving average of $7.68 and a 200-day simple moving average of $7.99. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $488.14 million, a price-to-earnings ratio of -5.79 and a beta of 2.99. Rayonier Advanced Materials has a fifty-two week low of $3.15 and a fifty-two week high of $10.28.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com raised shares of Rayonier Advanced Materials from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd.

Insider Transactions at Rayonier Advanced Materials

In related news, Director Eric Bowen acquired 12,500 shares of Rayonier Advanced Materials stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $8.04 per share, with a total value of $100,500.00. Following the completion of the transaction, the director now directly owns 12,500 shares in the company, valued at $100,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.14% of the stock is owned by company insiders.

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.