Rayonier Advanced Materials Inc (NYSE: RYAM) has reported earnings for its second fiscal quarter (ending June 30) of $0.12 versus a loss $-0.24 for the same period a year ago. This result exceeded the consensus estimate of $-0.10 by $0.22. For the latest four quarters through June 30, E.P.S. were $-1.25 versus $0.13 for the same period a year ago — a decline of -1062%.
Recent Price Action
On 8/6/24, Rayonier Advanced Materials Inc (NYSE: RYAM) stock enjoyed a large increase of 2.6%, closing at $5.61. Moreover, trading volume in this advance was above average at 139% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.5% during the last week.
Current PriceTarget Research Rating
RYAM is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Rayonier Advanced Materials has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Rayonier Advanced Materials has a good Appreciation Score of 76 and a very high Power Rating of 99, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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