Suzano (NYSE:SUZ) Posts Earnings Results

Suzano (NYSE:SUZ) announced its earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.16, FiscalAI reports. Suzano had a net margin of 17.20% and a return on equity of 14.92%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion.

Suzano Price Performance

Shares of SUZ stock traded up $0.14 on Friday, hitting $9.63. 6,804,196 shares of the company’s stock were exchanged, compared to its average volume of 3,525,675. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.38 and a quick ratio of 2.75. Suzano has a 12 month low of $7.55 and a 12 month high of $11.53. The stock has a market cap of $11.95 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56. The company has a 50 day moving average of $8.90 and a 200 day moving average of $9.04.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SUZ. Zacks Research upgraded Suzano from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Bank of America raised Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Monday, August 24th. Finally, Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.20.

About Suzano

Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.