What is Sidoti Csr’s Forecast for RYAM FY2024 Earnings?

Rayonier Advanced Materials Inc. (NYSE:RYAM) – Stock analysts at Sidoti Csr raised their FY2024 earnings estimates for shares of Rayonier Advanced Materials in a report issued on Thursday, November 7th. Sidoti Csr analyst D. Harriman now anticipates that the basic materials company will post earnings of ($0.08) per share for the year, up from their previous forecast of ($0.48). The consensus estimate for Rayonier Advanced Materials’ current full-year earnings is ($0.08) per share. Sidoti Csr also issued estimates for Rayonier Advanced Materials’ Q4 2024 earnings at ($0.12) EPS and Q1 2025 earnings at ($0.01) EPS.

A number of other brokerages have also recently issued reports on RYAM. StockNews.com cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Rayonier Advanced Materials Stock Performance

NYSE RYAM opened at $9.61 on Monday. The company has a market cap of $633.49 million, a P/E ratio of -7.80 and a beta of 3.01. The company has a fifty day simple moving average of $8.22 and a 200 day simple moving average of $6.65. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. Rayonier Advanced Materials has a 12-month low of $3.02 and a 12-month high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. The firm had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $412.20 million. During the same quarter last year, the firm posted ($0.41) earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RYAM. Dimensional Fund Advisors LP increased its position in shares of Rayonier Advanced Materials by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,598,490 shares of the basic materials company’s stock valued at $19,576,000 after acquiring an additional 201,939 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Rayonier Advanced Materials by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 3,417,106 shares of the basic materials company’s stock valued at $16,334,000 after purchasing an additional 31,281 shares during the last quarter. Boston Partners raised its stake in shares of Rayonier Advanced Materials by 1,923.5% during the 1st quarter. Boston Partners now owns 2,161,539 shares of the basic materials company’s stock worth $10,307,000 after purchasing an additional 2,054,715 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Rayonier Advanced Materials by 471.8% in the 1st quarter. Russell Investments Group Ltd. now owns 1,997,437 shares of the basic materials company’s stock worth $9,548,000 after buying an additional 1,648,101 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Rayonier Advanced Materials by 24.7% during the second quarter. American Century Companies Inc. now owns 1,516,198 shares of the basic materials company’s stock valued at $8,248,000 after buying an additional 300,793 shares during the period. 68.64% of the stock is 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.