Rayonier Advanced Materials (RYAM) Set to Announce Quarterly Earnings on Tuesday

Posted by Defense World Staff on May 5th, 2024

Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Rayonier Advanced Materials to post earnings of ($0.01) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.16). The business had revenue of $422.00 million for the quarter, compared to analyst estimates of $442.40 million. Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. On average, analysts expect Rayonier Advanced Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rayonier Advanced Materials Stock Performance

NYSE RYAM opened at $3.98 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 1.01. The stock’s 50-day moving average is $4.22 and its 200-day moving average is $3.92. Rayonier Advanced Materials has a one year low of $2.66 and a one year high of $5.76.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

View Our Latest Stock Analysis on RYAM

Rayonier Advanced Materials Company Profile

(Get Free Report)

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.