Sylvamo (NYSE:SLVM) Announces Earnings Results

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

Sylvamo Price Performance

Shares of NYSE SLVM traded down $8.26 during midday trading on Wednesday, hitting $67.86. The stock had a trading volume of 134,318 shares, compared to its average volume of 244,493. 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 has a 1 year low of $44.94 and a 1 year high of $98.02. The company has a market capitalization of $2.78 billion, a PE ratio of 10.54, a P/E/G ratio of 2.22 and a beta of 1.12. The stock has a 50 day simple moving average of $81.11 and a 200-day simple moving average of $81.61.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 2.65%. Sylvamo’s dividend payout ratio (DPR) is currently 27.99%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Bank of America reaffirmed an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target for the company.

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.