Rayonier Advanced Materials Inc expected to post earnings of 4  cents a share - Earnings Preview

Rayonier Advanced Materials

25/02/2023 03:02

* Rayonier Advanced Materials Inc  RYAM.N   RYAM.K  is
expected
to show a rise in quarterly revenue when it reports  results on
February 27. 
    * The Jacksonville Florida-based  company is expected to
report  a
16.7% increase in revenue to $436.36 million from $374 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on January 17 2023,
for the period ended December 31, was for revenue between
$488.00 million and $508.00 million.
    * ​Refinitiv's mean analyst estimate for Rayonier Advanced
Materials Inc is for earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rayonier
Advanced
Materials Inc is $6​, below​ its last closing price of $6.41.
​​​

The company's guidance on January 17 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD-1 million and USD3 million.The company's guidance on January
17 2023 for the period ended December 31 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between USD488
million and USD56 million.
This summary was machine generated February 25 at 03:01 GMT. 
All figures in US dollars  unless otherwise stated