Sidoti Csr Issues Optimistic Estimate for RYAM Earnings

Rayonier Advanced Materials Inc. (NYSE:RYAM) – Sidoti Csr increased their FY2025 earnings per share estimates for Rayonier Advanced Materials in a report released on Tuesday, January 6th. Sidoti Csr analyst D. Harriman now forecasts that the basic materials company will post earnings of ($1.08) per share for the year, up from their prior forecast of ($1.11). The consensus estimate for Rayonier Advanced Materials’ current full-year earnings is ($0.08) per share.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, November 4th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). Rayonier Advanced Materials had a negative net margin of 28.21% and a negative return on equity of 13.64%. The business had revenue of $352.84 million for the quarter, compared to the consensus estimate of $373.70 million.

Other research analysts have also recently issued reports about the company. Zacks Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Rayonier Advanced Materials Stock Up 4.6%

NYSE RYAM opened at $7.34 on Thursday. Rayonier Advanced Materials has a twelve month low of $3.35 and a twelve month high of $8.56. The stock has a market cap of $492.12 million, a PE ratio of -1.18 and a beta of 2.20. The firm has a 50-day simple moving average of $6.14 and a 200 day simple moving average of $5.77. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.89 and a current ratio of 1.57.

Hedge Funds Weigh In On Rayonier Advanced Materials

Several hedge funds have recently added to or reduced their stakes in RYAM. Strs Ohio bought a new position in shares of Rayonier Advanced Materials during the first quarter worth $551,000. Voya Investment Management LLC boosted its position in shares of Rayonier Advanced Materials by 49.0% during the first quarter. Voya Investment Management LLC now owns 489,209 shares of the basic materials company’s stock worth $2,813,000 after buying an additional 160,788 shares during the period. LSV Asset Management grew its stake in shares of Rayonier Advanced Materials by 49.5% during the 2nd quarter. LSV Asset Management now owns 182,100 shares of the basic materials company’s stock worth $701,000 after acquiring an additional 60,300 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Rayonier Advanced Materials by 40.3% in the third quarter. Assenagon Asset Management S.A. now owns 346,635 shares of the basic materials company’s stock valued at $2,503,000 after purchasing an additional 99,482 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Rayonier Advanced Materials by 2.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,557,852 shares of the basic materials company’s stock valued at $5,996,000 after acquiring an additional 36,298 shares in the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

About Rayonier Advanced Materials

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.