Rayonier Advanced Materials Inc reports results for the quarter ended in June - Earnings Summary

Rayonier Advanced Materials

07/08/2024 01:21

* Rayonier Advanced Materials Inc  RYAM.N  reported
quarterly
adjusted earnings of 19 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of -26 cents.  The mean expectation of
three analysts for the quarter was for a loss of 10 cents per
share. Wall Street expected results to range from -15 cents
to -7 cents per share.
    * Revenue rose 7.9% to $416.00 million from a year ago;
analysts
expected $402.17 million. 
    * Rayonier Advanced Materials Inc's reported EPS for the
quarter
was 12 cents​.
    * The company reported quarterly net income of $8 million.
    * Rayonier Advanced Materials Inc shares had risen by 0.6%
this
quarter and gained 35.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Rayonier Advanced
Materials Inc is $7.00 
This summary was machine generated from LSEG data August 7 at
12:21 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       -0.10          0.19           Beat
 Mar. 31 2024                     -0.02          
 Dec. 31 2023      -0.07          -1.88          Missed
 Sep. 30 2023      -0.31          -0.39          Missed