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

Sylvamo (NYSE:SLVM) posted its quarterly earnings data on Tuesday. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26, Briefing.com reports. The company had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. Sylvamo’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 EPS.

Sylvamo Stock Performance

Shares of SLVM stock traded down $3.87 during trading hours on Wednesday, hitting $84.94. The stock had a trading volume of 121,065 shares, compared to its average volume of 313,045. The firm has a market capitalization of $3.48 billion, a PE ratio of 13.26, a PEG ratio of 4.74 and a beta of 1.08. Sylvamo has a twelve month low of $44.94 and a twelve month high of $98.02. The stock’s 50 day moving average is $83.47 and its 200 day moving average is $75.24. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.05.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Thursday, October 3rd. Sylvamo’s payout ratio is currently 27.99%.

Analysts Set New Price Targets

SLVM has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Sidoti assumed coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Royal Bank of Canada upped their target price on shares of Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th.

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.