Suzano (NYSE:SUZ) Hits New 52-Week High Following Strong Earnings

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s stock price reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $11.22 and last traded at $11.1760, with a volume of 9023827 shares. The stock had previously closed at $9.85.

The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.11. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 31.21%.

Suzano Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd will be given a $0.2036 dividend. The ex-dividend date of this dividend is Monday, December 22nd. Suzano’s dividend payout ratio is presently 18.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Jefferies Financial Group started coverage on shares of Suzano in a report on Thursday, February 5th. They set a “buy” rating and a $13.40 price target on the stock. Finally, Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $13.40.

Institutional Trading of Suzano

A number of institutional investors and hedge funds have recently bought and sold shares of SUZ. American Century Companies Inc. boosted its stake in Suzano by 36.2% during the second quarter. American Century Companies Inc. now owns 1,591,333 shares of the company’s stock worth $14,974,000 after buying an additional 422,897 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Suzano by 2,036.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 230,742 shares of the company’s stock worth $2,164,000 after purchasing an additional 219,942 shares during the period. Metis Global Partners LLC raised its holdings in shares of Suzano by 24.8% in the second quarter. Metis Global Partners LLC now owns 232,174 shares of the company’s stock valued at $2,185,000 after acquiring an additional 46,177 shares in the last quarter. Waterfront Wealth Inc. increased its position in Suzano by 2.2% during the 2nd quarter. Waterfront Wealth Inc. now owns 317,605 shares of the company’s stock valued at $2,989,000 after purchasing an additional 6,822 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Suzano by 15.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,503 shares of the company’s stock valued at $212,000 after purchasing an additional 2,980 shares during the period. 2.55% of the stock is currently owned by institutional investors.

Suzano Stock Up 13.5%

The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.97. The company has a market cap of $13.86 billion, a P/E ratio of 5.21, a P/E/G ratio of 0.19 and a beta of 0.72. The business’s 50 day moving average is $9.44 and its 200 day moving average is $9.36.

Suzano Company Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.