Rayonier Advanced Materials (NYSE:RYAM) Announces Quarterly Earnings Results

Rayonier Advanced Materials (NYSE:RYAM) announced its quarterly earnings data 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. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%.

Rayonier Advanced Materials Stock Up 0.2 %

Shares of NYSE RYAM traded up $0.02 during mid-day trading on Wednesday, reaching $7.50. 487,675 shares of the company’s stock traded hands, compared to its average volume of 411,499. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. The business has a 50-day simple moving average of $7.68 and a 200 day simple moving average of $8.04. The stock has a market cap of $494.17 million, a P/E ratio of -5.86 and a beta of 2.99. Rayonier Advanced Materials has a 1-year low of $3.58 and a 1-year high of $10.28.

Analysts Set New Price Targets

A number of brokerages recently commented on RYAM. StockNews.com raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, Director Eric Bowen purchased 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $8.04 per share, for a total transaction of $100,500.00. Following the completion of the acquisition, the director now owns 12,500 shares of the company’s stock, valued at $100,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.14% of the stock is currently 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.