On 2016-07-22, Rayonier Advanced Materials Inc. (NYSE:RYAM) confirmed the dividend disbursement of $0.07 a share to shareholders as on record 2016-09-16. The firm will release dividend on 2016-09-30 while ex-dividend date is reported to be 2016-09-14.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Rayonier Advanced Materials Inc. (NYSE:RYAM) paid a total of $0.07 per share in dividends. This figure stood at $0.07 a share in the same period a year ago indicating a deviation of 100%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $14 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $22 and $8, respectively.
Taking the mathematical rating formula, the price for Rayonier Advanced Materials Inc. (NYSE:RYAM) stands at 3.33. Earnings Review Rayonier Advanced Materials Inc. (NYSE:RYAM) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.3.
Coming to the quarter ending on 2015-12-31, Rayonier Advanced Materials Inc. (NYSE:RYAM) recorded EPS of $0.46. The reported numbers came lower than the analysts’ estimates of $0.29, demonstrating a miss of $0.17 as against reported figures.
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