What is Sidoti Csr’s Estimate for RYAM Q3 Earnings?

Rayonier Advanced Materials Inc. (NYSE:RYAM) – Sidoti Csr increased their Q3 2024 earnings per share estimates for Rayonier Advanced Materials in a report released on Wednesday, October 30th. Sidoti Csr analyst D. Harriman now anticipates that the basic materials company will post earnings per share of ($0.18) for the quarter, up from their prior estimate of ($0.24). The consensus estimate for Rayonier Advanced Materials’ current full-year earnings is ($0.48) per share. Sidoti Csr also issued estimates for Rayonier Advanced Materials’ Q4 2024 earnings at ($0.47) EPS and FY2024 earnings at ($0.48) EPS.

A number of other equities analysts have also recently weighed in on RYAM. Royal Bank of Canada upped their price objective on shares of Rayonier Advanced Materials from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. StockNews.com raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Thursday, August 8th.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock opened at $8.10 on Friday. Rayonier Advanced Materials has a twelve month low of $2.69 and a twelve month high of $8.97. The company has a market capitalization of $533.71 million, a PE ratio of -6.86 and a beta of 3.01. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $6.41.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.26. The company had revenue of $419.00 million during the quarter, compared to the consensus estimate of $407.10 million. Rayonier Advanced Materials had a negative net margin of 4.82% and a negative return on equity of 3.96%. During the same quarter last year, the company earned ($0.25) earnings per share.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Rayonier Advanced Materials during the 2nd quarter worth approximately $29,000. nVerses Capital LLC raised its position in shares of Rayonier Advanced Materials by 121.9% during the 3rd quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 3,900 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Rayonier Advanced Materials during the second quarter worth $61,000. Truist Financial Corp acquired a new position in Rayonier Advanced Materials in the second quarter worth $66,000. Finally, EntryPoint Capital LLC bought a new stake in Rayonier Advanced Materials during the first quarter valued at $100,000. 68.64% of the stock is currently owned by institutional investors.

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.