Rayonier Advanced Materials Inc. (NYSE:RYAM) is reporting second quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.32 per share.
For the full year, analysts predict revenues of $ 1666.46 million, while looking forward to loss of $ 1.29 per share.
Previous Quarter Performance
Rayonier Advanced Materials Inc. disclosed loss for the first quarter of $ 0.39 per share, from the revenue of $ 410.00 million. The quarterly revenues dropped 15.08 percent compared with the same quarter last year. According to street consensus, RYAM was expected to report 1Q20 loss of $ 0.42 per share from revenue of $ 427.87 million. The bottom line results beat street analysts by $ 0.03 or 7.14 percent, at the same time, top line results fell short of analysts by $ 17.87 million or 4.18 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RYAM was $ 2.85, representing a 216.67 % increase from the 52 week low of $ 0.90 and a 44.34 % decrease over the 52 week high of $ 5.12.
The company has a market capital of $ 180.26 million and is part of the Basic Materials sector and Chemicals industry.
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Recent Analyst recommendations
- On 19th June 2020, upgraded by Bank of America to Buy from Underperform rating.
Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Japan, Europe, Latin America, other Asian countries, Canada, and internationally. The company operates through High Purity Cellulose, Forest Products, Pulp, and Paper segments.
