News coverage about Rayonier Advanced Materials (NYSE:RYAM) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog 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 0.09 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 44.7621956837025 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several research firms recently commented on RYAM. ValuEngine upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. BidaskClub downgraded Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $18.00 price objective on shares of Rayonier Advanced Materials in a research report on Monday, August 21st. Finally, Sidoti began coverage on Rayonier Advanced Materials in a research report on Thursday, August 17th. They set a “buy” rating and a $19.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.50.
Rayonier Advanced Materials (RYAM) traded up 3.93% on Friday, reaching $14.28. The company had a trading volume of 438,522 shares. Rayonier Advanced Materials has a 1-year low of $11.87 and a 1-year high of $17.60. The stock has a market capitalization of $618.00 million, a P/E ratio of 17.00 and a beta of 4.27. The stock’s 50 day moving average is $13.77 and its 200-day moving average is $14.22.
Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.15). The business had revenue of $201.00 million for the quarter, compared to analyst estimates of $214.00 million. Rayonier Advanced Materials had a net margin of 5.71% and a return on equity of 24.17%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, equities analysts predict that Rayonier Advanced Materials will post $0.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.96%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is 35.00%.
In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist bought 5,600 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $13.48 per share, with a total value of $75,488.00. Following the completion of the acquisition, the director now directly owns 27,904 shares of the company’s stock, valued at approximately $376,145.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.06% of the stock is currently owned by company insiders.
Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.