Rayonier Advanced Materials Inc. (NYSE:RYAM) is reporting third quarter earnings results on Tuesday 3rd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.14 per share.
For the full year, analysts predict revenues of $ 1699.10 million, while looking forward to loss of $ 0.91 per share.
Previous Quarter Performance
Rayonier Advanced Materials Inc. revealed loss for the second quarter of $ 0.20 per share, from the revenue of $ 397.00 million. The quarterly revenues dropped 18.87 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.32 per share from $ 405.34 million in revenue. The bottom line results beat street analysts by $ 0.12 or 37.50 percent, at the same time, top line results fell short of analysts by $ 8.34 million or 2.06 percent.
Stock Performance
Shares of Rayonier Advanced Materials Inc. traded up $ 0.04 or 1.17 percent on Monday, reaching $ 3.47 with volume of 234.70 thousand shares. Rayonier Advanced Materials Inc. has traded high as $ 3.61 and has cracked $ 3.39 on the downward trend
The closing price of $ 3.47, representing a 281.11 % increase from the 52 week low of $ 0.90 and a 29.57 % decrease over the 52 week high of $ 4.87.
The company has a market capital of $ 219.83 million and is part of the Basic Materials sector and Chemicals industry.
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.
