Sylvamo (NYSE:SLVM) Issues Earnings Results

Sylvamo (NYSE:SLVM) announced its quarterly earnings data on Friday. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02), Zacks reports. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The firm had revenue of $821.00 million during the quarter, compared to analyst estimates of $819.61 million. During the same period in the prior year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis.

Sylvamo Stock Down 12.4 %

Shares of SLVM stock opened at $52.72 on Friday. Sylvamo has a twelve month low of $51.60 and a twelve month high of $98.02. The stock has a market cap of $2.15 billion, a P/E ratio of 7.31, a P/E/G ratio of 2.23 and a beta of 1.18. The stock has a 50 day moving average of $62.41 and a 200 day moving average of $75.06. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.41%. Sylvamo’s payout ratio is 26.32%.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price target on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th.

Insiders Place Their Bets

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.74% of the company’s 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.