Sylvamo (NYSE:SLVM) Announces Quarterly Earnings Results

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

Sylvamo Trading Up 3.6 %

SLVM opened at $84.32 on Friday. Sylvamo has a 52-week low of $44.94 and a 52-week high of $98.02. The firm has a market capitalization of $3.46 billion, a P/E ratio of 13.11, a P/E/G ratio of 4.55 and a beta of 1.08. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The firm’s 50 day moving average is $83.59 and its 200-day moving average is $75.29.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, October 3rd. Sylvamo’s dividend payout ratio (DPR) is presently 27.99%.

Analysts Set New Price Targets

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

Sylvamo Company Profile

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.