Sylvamo (NYSE:SLVM) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

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

Sylvamo Trading Up 3.6 %

NYSE:SLVM opened at $84.32 on Friday. The company’s 50 day moving average price is $83.59 and its 200-day moving average price is $75.29. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. Sylvamo has a 52 week low of $44.94 and a 52 week high of $98.02. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 4.55 and a beta of 1.08.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Thursday, October 3rd. Sylvamo’s dividend payout ratio is 27.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SLVM. Bank of America increased their target price on Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Royal Bank of Canada increased their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Finally, Sidoti initiated coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target on the 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.