Rayonier Advanced Materials Inc expected to post earnings of 7  cents a share - Earnings Preview

Rayonier Advanced Materials

06/05/2023 03:11

* Rayonier Advanced Materials Inc  RYAM.N   RYAM.K  is
expected
to show a rise in quarterly revenue when it reports  results on
May 9. 
    * The Jacksonville Florida-based  company is expected to
report  a
27.5% increase in revenue to $448.785 million from $352 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Rayonier Advanced
Materials Inc is for earnings of 7 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 $5.7​, above​ its last closing price of $5.64.
​​​

This summary was machine generated May 6 at 02:11 GMT.  All
figures in US dollars  unless otherwise stated