Suzano (NYSE:SUZ) Releases Earnings Results, Beats Expectations By $0.16 EPS

Suzano (NYSE:SUZ) released its quarterly earnings data on Thursday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion.

Suzano Stock Up 1.4%

Shares of SUZ traded up $0.14 on Friday, hitting $9.63. The company’s stock had a trading volume of 6,804,196 shares, compared to its average volume of 3,525,675. The company has a quick ratio of 2.75, a current ratio of 3.38 and a debt-to-equity ratio of 1.77. The firm’s fifty day moving average price is $8.90 and its 200-day moving average price is $9.04. Suzano has a fifty-two week low of $7.55 and a fifty-two week high of $11.53. The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.13 and a beta of 0.56.

Analyst Ratings Changes

SUZ has been the topic of several analyst reports. Weiss Ratings lowered shares of Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Bank of America raised shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, August 24th. Finally, Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Two research 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 data from MarketBeat.com, Suzano has a consensus rating of “Hold” and an average price target of $13.20.

Suzano Company Profile

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.