Rayonier Advanced Materials Inc (RYAM) Expected to Post Q1 2019 Earnings of $0.49 Per Share

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Rayonier Advanced Materials Inc (NYSE:RYAM) – Equities researchers at DA Davidson issued their Q1 2019 earnings per share estimates for shares of Rayonier Advanced Materials in a research note issued to investors on Wednesday, November 7th. DA Davidson analyst S. Chercover forecasts that the basic materials company will post earnings per share of $0.49 for the quarter. DA Davidson also issued estimates for Rayonier Advanced Materials’ Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.55 EPS and Q4 2019 earnings at $0.48 EPS.

A number of other equities research analysts have also weighed in on RYAM. ValuEngine upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Bank of America reduced their price objective on Rayonier Advanced Materials from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 15th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Rayonier Advanced Materials presently has a consensus rating of “Hold” and a consensus target price of $21.67.

Shares of RYAM opened at $13.77 on Thursday. The firm has a market cap of $732.35 million, a price-to-earnings ratio of 7.08, a P/E/G ratio of 0.35 and a beta of 3.56. The company has a quick ratio of 1.15, a current ratio of 2.32 and a debt-to-equity ratio of 1.53. Rayonier Advanced Materials has a 1-year low of $11.65 and a 1-year high of $22.96.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Monday, November 5th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The company had revenue of $544.00 million for the quarter, compared to analysts’ expectations of $556.46 million. Rayonier Advanced Materials had a net margin of 21.00% and a return on equity of 17.33%. Rayonier Advanced Materials’s quarterly revenue was up 159.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be paid a $0.07 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.03%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is 28.87%.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Rayonier Advanced Materials by 2.9% in the 3rd quarter. BlackRock Inc. now owns 7,424,588 shares of the basic materials company’s stock worth $136,836,000 after purchasing an additional 212,472 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Rayonier Advanced Materials by 43.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,462,810 shares of the basic materials company’s stock worth $42,089,000 after purchasing an additional 747,925 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of Rayonier Advanced Materials by 11.0% in the 3rd quarter. Sterling Capital Management LLC now owns 1,994,718 shares of the basic materials company’s stock worth $36,763,000 after purchasing an additional 197,251 shares in the last quarter. Bowen Hanes & Co. Inc. increased its stake in shares of Rayonier Advanced Materials by 23.5% in the 3rd quarter. Bowen Hanes & Co. Inc. now owns 1,000,000 shares of the basic materials company’s stock worth $18,430,000 after purchasing an additional 190,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Rayonier Advanced Materials by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 980,968 shares of the basic materials company’s stock worth $18,078,000 after purchasing an additional 31,504 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Japan, Europe, Latin America, other Asian countries, Canada, and internationally. The company operates through High Purity Cellulose, Forest Products, and Pulp & Paper segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.

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Earnings History and Estimates for Rayonier Advanced Materials (NYSE:RYAM)

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