Rayonier Advanced Materials Inc (RYAM) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $0.27. The company posted revenue of $214.00 million in the period, compared to analysts expectations of $214.90 million. The company’s revenue was down -3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Rayonier Advanced Materials Inc closed down -0.2 points or -1.43% at $13.77 with 4,94,342 shares getting traded on Friday. Post opening the session at $14, the shares hit an intraday low of $13.24 and an intraday high of $14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Jul 22, 2016, Rayonier Advanced Materials Inc announced a cash dividend of $0.0700. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.
In a different news, on Sep 3, 2015, Lisa M Palumbo (director) purchased 5,000 shares at $5.94 per share price. According to the SEC, 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.