Revenue Update on Rayonier Advanced Materials Inc(NYSE:RYAM)

Rayonier Advanced Materials Inc(NYSE:RYAM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $214.00M. Analysts estimated a revenue of $212.32M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.25.

In a different note, On Jul 25, 2016, Vertical Research said it Downgrades its rating on Rayonier Advanced Materials Inc. The shares have been rated ‘Sell’ by the firm.

Rayonier Advanced Materials Inc (RYAM) made into the market gainers list on Mondays trading session with the shares advancing 3.10% or 0.38 points. Due to strong positive momentum, the stock ended at $12.63, which is also near the day’s high of $12.73. The stock began the session at $12.34 and the volume stood at 20,75,240 shares. The 52-week high of the shares is $15.96 and the 52 week low is $5.75. The company has a current market capitalization of $546 M and it has 4,32,63,279 shares in outstanding.

Rayonier Advanced Materials Inc has also declared a cash dividend of $0.0700 on Jul 22, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Several Insider Transactions has been reported to the SEC. On Sep 3, 2015, Lisa M Palumbo (director) purchased 5,000 shares at $5.94 per share price.Also, On Aug 26, 2015, Frank A Ruperto (CFO) purchased 5,000 shares at $6.61 per share price.On Aug 26, 2015, Paul G Boynton (CEO) purchased 15,000 shares at $6.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Rayonier Advanced Materials Inc. (Rayonier Advanced Materials) is primarily engaged in producing cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Cellulose specialties are polymers used as raw materials to manufacture consumer-oriented products such as cigarette filters liquid crystal displays impact-resistant plastics thickeners for food products pharmaceuticals cosmetics high-tenacity rayon yarn for tires and industrial hoses food casings paints and lacquers. Commodity products include commodity viscose and absorbent materials. Commodity products include commodity viscose and absorbent materials.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *