Rayonier Advanced Materials (NYSE:RYAM) released its quarterly earnings data on Tuesday. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.35, Bloomberg Earnings reports. The firm had revenue of $349.00 million during the quarter, compared to analysts’ expectations of $349.31 million. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. The business’s revenue for the quarter was up 51.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share.
Shares of Rayonier Advanced Materials (NYSE RYAM) opened at $17.71 on Tuesday. Rayonier Advanced Materials has a 12-month low of $11.88 and a 12-month high of $20.99. The firm has a market capitalization of $786.77, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.07 and a beta of 4.03. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.46 and a quick ratio of 1.20.
A number of brokerages have weighed in on RYAM. Royal Bank of Canada reaffirmed a “buy” rating and issued a $20.00 price target on shares of Rayonier Advanced Materials in a research report on Friday, November 3rd. Vertical Research cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, TheStreet raised Rayonier Advanced Materials from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.00.
About Rayonier Advanced Materials
Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.
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