News articles about Rayonier Advanced Materials (NYSE:RYAM) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rayonier Advanced Materials earned a news impact score of 0.10 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.988788027763 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
RYAM traded down $0.21 on Monday, hitting $16.20. 45,018 shares of the company’s stock were exchanged, compared to its average volume of 747,070. The firm has a market cap of $851.15 million, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 0.43 and a beta of 3.43. Rayonier Advanced Materials has a twelve month low of $12.68 and a twelve month high of $22.96. The company has a quick ratio of 1.01, a current ratio of 2.06 and a debt-to-equity ratio of 1.70.
Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Monday, May 7th. The basic materials company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $522.00 million for the quarter, compared to analyst estimates of $522.14 million. Rayonier Advanced Materials had a return on equity of 15.39% and a net margin of 26.52%. Rayonier Advanced Materials’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. research analysts anticipate that Rayonier Advanced Materials will post 1.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.28 annualized dividend and a yield of 1.73%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is 28.87%.
Several brokerages have recently commented on RYAM. Vertical Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. ValuEngine cut shares of Rayonier Advanced Materials from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 8th. Finally, Zacks Investment Research raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.00.
In other Rayonier Advanced Materials news, SVP Michael R. Herman acquired 2,900 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The shares were purchased at an average price of $17.12 per share, for a total transaction of $49,648.00. Following the completion of the purchase, the senior vice president now directly owns 123,914 shares in the company, valued at $2,121,407.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.23% of the stock is owned by corporate insiders.
Rayonier Advanced Materials Company Profile
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.
Receive News & Ratings for Rayonier Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.