Rayonier Adv Materials Stock (NYSE: RYAM)

Rayonier Adv Materials (NYSE:RYAM) Stock, Quote.Headers.trade-ideas

Rayonier Adv Materials

Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.

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As of Jan. 11, 2024, five stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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The Dow Jones closed lower by around 50 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Rayonier Advanced Materials And 2 Other Stocks Under $5 Insiders Are Aggressively Buying

Rayonier Advanced Materials Inc. Common Stock

Rayonier Advanced Materials Inc

RBC Capital analyst Matthew McKellar maintains Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) with a Outperform and raises the price target from $9 to $10.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Rayonier Adv Materials, Raises Price Target to $10

Rayonier Advanced Materials Increases Cellulose Specialties Product Prices By 10%

RBC Capital analyst Matthew McKellar maintains Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) with a Outperform and raises the price target from $7 to $9.

RBC Capital Maintains Outperform on Rayonier Adv Materials, Raises Price Target to $9

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Wednesday.
Shares of Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40220998/shopifys-q2-earnings-revenue-and-eps-beat-gross-merchandise-volume-up-22-strong-q3-outlook-and-more">second-quarter EPS results.</a>
Shopify clocked fiscal second-quarter 2024 revenue growth of 21% year-over-year to $2.05 billion, which beat the analyst consensus estimate of $2.01 billion. Revenue grew by 25% Y/Y after adjusting for the sale of its logistics businesses. The e-commerce platform company reported adjusted EPS of 26 cents, which beat analyst consensus estimate of 20 cents
Shopify shares jumped 24.6% to $67.59 on Wednesday.
Here are some other big stocks recording gains in today's session.
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<li>PetIQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETQ#NASDAQ">PETQ</a>) shares surged 48% to $30.44 after the company reported better-than-expected second-quarter adjusted earnings results.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 35.4% to $32.38 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates on Tuesday.</li>
<li>Latham Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) climbed 34% to $4.19 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) gained 33% to $6.65 after the company reported better-than-expected quarterly revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.</li>
<li>Veracyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>) rose 32.4% to $28.90 after the company reported better-than-expected quarterly financial results. Also, Needham maintained a Buy rating on the stock and raised its price target from $27-$31.</li>
<li>Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) jumped 27.8% to $7.17 after the company reported better-than-expected quarterly financial results.</li>
<li>Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) gained 27.7% to $2.5250 after the company reported better-than-expected quarterly financial results.</li>
<li>Inspire Medical Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSP#NYSE">INSP</a>) rose 25.6% to $184.81 after the company reported better-than-expected quarterly sales results and raised its FY24 guidance. Also, the company announced it authorized a $150 million share repurchase program.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) rose 23.5% to $68.93 after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) gained 21.3% to $358.06 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) rose 18.3% to $210.40 after the company reported better-than-expected fourth-quarter financial results and issued strong guidance.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) gained 16.1% to $19.15 after the company reported better-than-expected quarterly financial results and announced a partnership with Tesla to support Texas&#8217;s power grid.</li>
<li>Dynatrace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DT#NYSE">DT</a>) rose 15.3% to $46.69 following a Q1 earnings beat.</li>
<li>Champion Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) gained 14.2% to $84.99 after the company reported better-than-expected quarterly financial results.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 14% to $18.74 after the company reported better-than-expected first-quarter financial results.</li>
<li>Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) gained 13.7% to $37.55 after the company reported better-than-expected quarterly financial results.</li>
<li>Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) rose 11% to $129.15 after the company reported better-than-expected quarterly sales results.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) gained 9.4% to $101.74 after the company reported better-than-expected second-quarter financial results.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose 6.9% to $238.66.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) gained 5.7% to $121.38.</li>
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WIIM

Rayonier Advanced Materials shares are trading higher after the company reported better-than-expected Q2 financial results.

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $(0.10) by 290 percent. The company reported quarterly sales of $419.000 million which beat the analyst consensus estimate of $402.167 million by 4.19 percent. This is a 8.83 percent increase over sales of $385.000 million the same period last year.

Earnings

Earnings Beats

Rayonier Adv Materials Q2 2024 Adj. EPS $0.19 Beats $(0.10) Estimate, Sales $419.000M Beat $402.167M Estimate

Guidance

Rayonier Advanced Materials Sees 2024 Adj. Free Cash Flow $80M-$100M

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.10) by 80 percent. This is a 140 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $388.000 million which missed the analyst consensus estimate of $429.700 million by 9.70 percent. This is a 16.92 percent decrease over sales of $467.000 million the same period last year.

Earnings Misses

Rayonier Adv Materials Q1 2024 Adj EPS $(0.02) Beats $(0.10) Estimate, Sales $388.000M Miss $429.700M Estimate

Asset Sales

RYAM Announces Sale Of Softwood Duty Refund Rights for $39M

Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) is announcing that, effective July 2, 2024, it will suspend operations at its Temiscaming High Purity Cellulose (HPC) plant for an indefinite period. As previously communicated, the Company remains committed to operating its assets profitably.
Given current market conditions and high capital and fixed costs associated with the HPC plant, this decision will help mitigate the plant's ongoing operating losses and improve the Company's consolidated free cash flow. Today's announcement is aligned with the Company's focus on improving its balance sheet, leverage position and overall financial performance toward execution of its long-term growth strategy.
The suspension, which will be carried out in a safe and environmentally sound manner, will result in a reduction of RYAM's annual global HPC production. The Temiscaming HPC facility has an annual production capacity of approximately 150,000 metric tons, with roughly 30 percent historically dedicated to specialty cellulose materials. The Company will be working directly with its customers to support their specialty cellulose needs in both the short- and long-term. Today's announcement will result in approximately 275 layoffs.
"Persistent market weakness, uncertain availability of affordable wood fiber, and high capital and fixed costs have posed significant challenges for the Temiscaming HPC plant," said De Lyle Bloomquist, President and Chief Executive Officer. "This decision, which we do not take lightly, is made only after a rigorous strategic review in which multiple alternatives were thoroughly explored. We are mindful of the impact this will have on affected employees and will take appropriate measures to assist these employees in keeping with the collective agreement, RYAM values and applicable law."
This decision does not affect RYAM's paperboard and high-yield pulp plants located adjacent to the Temiscaming HPC plant. These two plants, which are part of an ongoing sales process announced last October, remain competitive and will continue to operate at full capacity.

RYAM To Suspend Temiscaming High Purity Cellulose Plant Operations For An Indefinite Period, Company Remains Committed To Operating Its Assets Profitably

Rayonier Advanced Materials shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results.

RYAM Sees 2024 Adj. EBITDA $180M-$200M

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) reported its Q4 earnings results on Tuesday, February 27, 2024 at 04:35 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Rayonier Adv Materials missed estimated earnings by -214.0%, reporting an EPS of $-0.22 versus an estimate of $-0.07.
Revenue was down $78.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.16 which was followed by a 2.0% increase in the share price the next day.
Here's a look at Rayonier Adv Materials's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.24</td>
<td>-0.12</td>
<td>0.06</td>
<td>0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.40</td>
<td>-0.25</td>
<td>0.05</td>
<td>0.04</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>393.17M</td>
<td>417.63M</td>
<td>448.78M</td>
<td>436.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>369.00M</td>
<td>385.00M</td>
<td>467.00M</td>
<td>500.00M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Rayonier Adv Materials <a href="https://www.benzinga.com/quote/RYAM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Rayonier Adv Materials Q4 Earnings

Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $(0.07) by 214.29 percent. The company reported quarterly sales of $422.00 million which beat the analyst consensus estimate of $410.27 million by 2.86 percent. This is a 15.60 percent decrease over sales of $500.00 million the same period last year.

Rayonier Adv Materials Q4 2023 Adj EPS $(0.22) Misses $(0.07) Estimate, Sales $422.00M Beat $410.27M Estimate

UPDATE: Rayonier Adv Materials Q3 Adj $(0.40) Misses $(0.24) Estimate, Sales $369.00M Miss $393.17M Estimate

RYAM Sees FY23 Adj. FCF $65M-$75M

Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) (the "Company"), the global leader in High Purity Cellulose, today announced that it has engaged Houlihan Lokey as its financial advisor to explore the potential sale of its paperboard and high-yield pulp assets located at its Temiscaming site.
This strategic move is aligned with RYAM's commitment to enhancing its operational and financial performance, optimizing its portfolio to align with its long-term growth strategy, and providing flexibility to pay down debt and reduce leverage. The engagement of Houlihan Lokey, a renowned global investment bank, underscores RYAM's dedication to a rigorous and diligent evaluation of its strategic options.

RYAM Engages Houlihan Lokey To Explore Sale Of Paperboard And High-Yield Pulp Assets

RBC Capital analyst Paul Quinn reiterates Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) with a Outperform and maintains $6 price target.

Reiteration

RBC Capital Reiterates Outperform on Rayonier Adv Materials, Maintains $6 Price Target

Rayonier Advanced Materials Says Financial Vision Centered On Achieving $325M In Annual EBITDA Over Next Five Years

Rayonier Advanced Materials Outlines Its Financial Growth Strategy; Near-Term Hurdles With Expected Lower Q3 Results And Guidance For Full Year

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Rayonier Adv Materials (NYSE:<a href="https://investorplace.com/stock-quotes/ryam-stock-quote/">RYAM</a>) just reported results for the first quarter of 2024.<ul><li>Rayonier Adv Materials reported earnings per share of -2 cents. This was above the analyst estimate for EPS of -10 cents.</li><li>The company reported revenue of $388.00 million.</li><li>This was 9.70% worse than the analyst estimate for revenue of $429.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/ryam-stock-earnings-rayonier-adv-materials-for-q1-of-2024/">RYAM Stock Earnings: Rayonier Adv Materials Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RYAM Stock Earnings: Rayonier Adv Materials Beats EPS, Misses Revenue for Q1 2024

Rayonier Advanced Materials Inc. (RYAM) Q1 2024 Earnings Call Transcript

RBC Capital analyst Matt McKellar reiterated a Buy rating on Rayonier Advanced Materials (RYAM – Research Report) today and set a price target of $...

Rayonier Advanced Materials (RYAM) Receives a Buy from RBC Capital

Rayonier Advanced Materials (RYAM) has released an update. Rayonier Advanced Materials Inc. has filed a current report with the SEC, indicating upd...

Rayonier Advanced Materials Files SEC Report

Rayonier Advanced Q2 2024 Earnings Preview

Rayonier Advanced Non-GAAP EPS of $0.19 beats by $0.29, revenue of $419M beats by $16.83M

Rayonier Advanced Materials Inc. (RYAM) Q2 2024 Earnings Call Transcript

Rayoneir Advanced Materials increases price of its cellulose specialties products

Rayonier Advanced Materials ( ($RYAM) ) has shared an announcement. Charles E. Adair has resigned from the Board of Directors at Rayonier Advanced ...

Board Changes at Rayonier: Adair Resigns, Bowen Joins

In a report released today, Matt McKellar from RBC Capital maintained a Buy rating on Rayonier Advanced Materials (RYAM – Research Report), with a ...

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Rayonier Adv Materials (RYAM) Forecast

Rayonier Adv Materials (NYSE:RYAM) Stock, Quote.Headers.trade-ideas