Sidoti Csr Analysts Increase Earnings Estimates for RYAM

Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) - Research analysts at Sidoti Csr increased their FY2024 EPS estimates for Rayonier Advanced Materials in a report issued on Thursday, November 7th. Sidoti Csr analyst D. Harriman now anticipates that the basic materials company will earn ($0.08) per share for the year, up from their prior estimate of ($0.48). The consensus estimate for Rayonier Advanced Materials' current full-year earnings is ($0.08) per share. Sidoti Csr also issued estimates for Rayonier Advanced Materials' Q4 2024 earnings at ($0.12) EPS and Q1 2025 earnings at ($0.01) EPS.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. The business had revenue of $401.00 million for the quarter, compared to analyst estimates of $412.20 million. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. During the same quarter in the prior year, the company earned ($0.41) earnings per share.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada upped their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.

Rayonier Advanced Materials Stock Down 0.3 %

Shares of NYSE RYAM traded down $0.03 during trading on Monday, hitting $9.93. The stock had a trading volume of 485,771 shares, compared to its average volume of 539,644. The firm has a fifty day moving average of $8.18 and a two-hundred day moving average of $6.60. The company has a market capitalization of $654.59 million, a PE ratio of -7.90 and a beta of 3.01. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. Rayonier Advanced Materials has a 12 month low of $3.02 and a 12 month high of $10.28.

Institutional Investors Weigh In On Rayonier Advanced Materials

Several hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC boosted its position in Rayonier Advanced Materials by 121.9% during the 3rd quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company's stock valued at $61,000 after buying an additional 3,900 shares during the period. Quarry LP purchased a new stake in Rayonier Advanced Materials in the 2nd quarter worth approximately $29,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Rayonier Advanced Materials in the 2nd quarter worth approximately $61,000. Truist Financial Corp bought a new position in shares of Rayonier Advanced Materials during the second quarter valued at approximately $66,000. Finally, Intech Investment Management LLC bought a new stake in Rayonier Advanced Materials in the third quarter valued at $139,000. 68.64% of the stock is currently owned by institutional investors.

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.