Sylvamo (NYSE:SLVM) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Sylvamo (NYSE:SLVM) posted its earnings results on Wednesday. The company reported $1.94 earnings per share 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

NYSE:SLVM traded down $7.23 during mid-day trading on Wednesday, reaching $68.89. The stock had a trading volume of 159,751 shares, compared to its average volume of 245,956. The stock has a market capitalization of $2.83 billion, a P/E ratio of 10.68, a P/E/G ratio of 2.22 and a beta of 1.12. The firm has a 50 day moving average price of $81.11 and a two-hundred day moving average price of $81.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. Sylvamo has a one year low of $44.94 and a one year high of $98.02.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were given 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 dividend yield of 2.61%. Sylvamo’s dividend payout ratio (DPR) is presently 27.99%.

Analysts Set New Price Targets

SLVM has been the topic of a number of research analyst reports. Sidoti began coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 target price on the stock. Bank of America reaffirmed an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

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.