Rayonier Advanced Materials Inc. (NYSE:RYAM) lost about -21.6 percent in value since last earnings

Rayonier Advanced Materials Inc. (NYSE:RYAM) lost about -21.6 percent in value since last earnings

Rayonier Advanced Materials Inc. (NYSE:RYAM) lost about -21.6 percent in value since last earnings

Rayonier Advanced Materials Inc. (NYSE:RYAM) is projected to declare fiscal first quarter financial results right after the stock market’s official close on May 03, 2017. The stock lost about -21.6 percent in price since last results when it was at $16.78 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 5 times out of last 10 reported quarters. It has beaten earnings-per-share estimates 72% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 1 time.

Here’s how traders responded to RYAM earnings announcements over the past few quarters.

Rayonier Advanced Materials Inc. (RYAM) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 55.4 percent over the past four quarters. Back on January 30, 2017, it posted earnings per-share earnings at $0.18 which came in line with the consensus $0.18 projection (no surprise). For the quarter, revenue came in at 231M versus consensus estimate of 206.68M. The stock dropped -19.13 percent the session following the earnings reports were released, and on 7th day price change was -17.7 percent.

On October 31, 2016, it reported earnings at $0.44 a share compared with the consensus estimate of $0.27 per share (positive surprise of 62.96%). Revenue of 206.54M for that quarter was below the $211.76M analysts had expected. The stock retreated -3.57% the day following the earnings announcement, and on 7th day price change was -5.28%.

On August 1, 2016, it recorded $0.46 a share in earnings which topped the consensus estimate of $0.29 (positive surprise of 58.62%). Revenue for the quarter was $214M while analysts called for revenues to be $212.32M. The stock gained 6.97% the day following the earnings data was made public, and on 7th day price change was -6.3%.

On May 2, 2016, it announced earnings per share at $0.36 versus the consensus estimate of $0.18 per share (positive surprise of 100%). That came on revenues of $218M for that period. Analysts had expected $208.12M in revenue.

Rayonier Advanced Materials Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.18. The analysts’ present consensus range is $0.14-$0.23 for EPS. The market consensus range for revenue is between $205M and $211.56M, with an average of $208.15M.

Rayonier Advanced Materials Inc. (NYSE:RYAM) last ended at $13.31, sending the company’s market cap near $575.79M. The consensus 12-month price target from analysts covering the stock is $16.6. The share price has declined -23.42% from its top level in 52 weeks and advanced -13.91% this year. It recently traded in a range of $13.1-$13.38 at a volume of 275825 shares. The recent trading ended with the price nearly -0.6 lower for the last 5 trading days, rebounding 56.97% from its 52-week low.

 

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