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

Rayonier Advanced Materials (NYSE:RYAM) posted its quarterly 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. 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

Rayonier Advanced Materials stock traded up $0.02 during midday trading on Wednesday, reaching $7.50. The stock had a trading volume of 487,675 shares, compared to its average volume of 411,499. The firm has a market capitalization of $494.17 million, a PE ratio of -5.86 and a beta of 2.99. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average price is $7.68 and its 200 day moving average price is $8.04. Rayonier Advanced Materials has a 12 month low of $3.58 and a 12 month high of $10.28.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

Insider Buying and Selling

In other news, Director Eric Bowen purchased 12,500 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $8.04 per share, with a total value of $100,500.00. Following the completion of the acquisition, 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 filing with the SEC, which is available through this hyperlink. 3.14% of the stock is owned by insiders.

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.