Suzano (NYSE:SUZ) Releases Quarterly Earnings Results

Suzano (NYSE:SUZ) posted its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Suzano had a net margin of 13.03% and a return on equity of 16.39%.

Suzano Price Performance

SUZ stock traded down $0.01 during midday trading on Tuesday, hitting $9.84. The stock had a trading volume of 3,880,065 shares, compared to its average volume of 2,417,187. Suzano has a 52 week low of $8.41 and a 52 week high of $10.41. 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 stock has a 50-day simple moving average of $9.43 and a 200 day simple moving average of $9.36.

Suzano Dividend Announcement

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

Institutional Trading of Suzano

Several institutional investors have recently made changes to their positions in SUZ. Parallel Advisors LLC lifted its position in shares of Suzano by 71.7% during the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after purchasing an additional 3,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after buying an additional 1,400 shares in the last quarter. Virtu Financial LLC acquired a new position in Suzano during the 3rd quarter worth $94,000. Vident Advisory LLC bought a new position in Suzano in the 2nd quarter valued at $97,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Suzano in the 2nd quarter valued at $113,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on SUZ. Zacks Research raised Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th. Finally, Jefferies Financial Group initiated coverage on shares of Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Suzano presently has a consensus rating of “Buy” and an average price target of $13.40.

About Suzano

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.