Media headlines about Rayonier Advanced Materials (NYSE:RYAM) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rayonier Advanced Materials earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 47.2074941738452 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Rayonier Advanced Materials (NYSE RYAM) opened at $20.11 on Wednesday. The company has a market cap of $1,053.27, a price-to-earnings ratio of 3.68, a PEG ratio of 2.32 and a beta of 3.69. Rayonier Advanced Materials has a 1-year low of $11.88 and a 1-year high of $21.44. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.10 and a quick ratio of 1.12.
Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.35. The business had revenue of $349.00 million for the quarter, compared to analysts’ expectations of $349.31 million. Rayonier Advanced Materials had a net margin of 33.92% and a return on equity of 16.99%. The company’s quarterly revenue was up 51.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. analysts predict that Rayonier Advanced Materials will post 1.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.39%. Rayonier Advanced Materials’s payout ratio is 5.12%.
Rayonier Advanced Materials declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 20th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several brokerages have recently weighed in on RYAM. Zacks Investment Research upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Thursday, January 4th. Vertical Research downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Bank of America boosted their price objective on shares of Rayonier Advanced Materials from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, TheStreet upgraded shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Rayonier Advanced Materials presently has an average rating of “Hold” and an average target price of $20.83.
About Rayonier Advanced Materials
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.