Sylvamo (NYSE:SLVM) Announces Earnings Results, Beats Expectations By $0.26 EPS

Sylvamo (NYSE:SLVM) posted its quarterly earnings results on Tuesday. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.18 by $0.26, Briefing.com reports. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. During the same quarter last year, the firm posted $1.70 earnings per share. Sylvamo’s revenue for the quarter was up 7.6% compared to the same quarter last year.

Sylvamo Stock Down 0.0 %

Shares of Sylvamo stock traded down $0.02 during trading on Thursday, reaching $81.35. The company had a trading volume of 63,416 shares, compared to its average volume of 313,226. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 4.74 and a beta of 1.08. Sylvamo has a fifty-two week low of $44.94 and a fifty-two week high of $98.02. The firm’s fifty day moving average is $83.59 and its 200-day moving average is $75.29. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.05 and a current ratio of 1.72.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were issued a $0.45 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 annualized dividend and a yield of 2.21%. Sylvamo’s dividend payout ratio is presently 27.99%.

Analyst Ratings Changes

A number of analysts recently weighed in on SLVM shares. Bank of America upped their price target on shares of Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Royal Bank of Canada upped their target price on Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Finally, Sidoti began coverage on Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target on the stock.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.