Sylvamo (NYSE:SLVM) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Sylvamo (NYSE:SLVM) announced its earnings results on Wednesday. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.10, Zacks reports. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%.

Sylvamo Stock Performance

SLVM stock opened at $71.78 on Friday. Sylvamo has a twelve month low of $44.94 and a twelve month high of $98.02. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 2.22 and a beta of 1.12. The business’s fifty day simple moving average is $80.73 and its two-hundred day simple moving average is $81.53. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s payout ratio is currently 27.99%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday. Bank of America restated an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th.

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.