Sylvamo (SLVM) to Release Earnings on Tuesday

Sylvamo (NYSE:SLVM - Get Free Report) will post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Sylvamo to post earnings of $2.21 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.40. Sylvamo had a return on equity of 28.83% and a net margin of 6.30%. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $937.56 million. During the same period in the previous year, the business earned $1.14 EPS. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts expect Sylvamo to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Sylvamo Stock Performance

SLVM traded up $2.69 on Tuesday, reaching $88.04. 239,522 shares of the stock were exchanged, compared to its average volume of 314,080. The company's 50-day moving average price is $81.91 and its 200 day moving average price is $74.14. Sylvamo has a fifty-two week low of $43.94 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. The firm has a market capitalization of $3.61 billion, a PE ratio of 15.92, a PEG ratio of 4.54 and a beta of 1.08.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 2.04%. Sylvamo's dividend payout ratio is currently 32.55%.

Analyst Ratings Changes

SLVM has been the subject of a number of research reports. Sidoti initiated coverage on Sylvamo in a research report on Tuesday, October 15th. They set a "buy" rating and a $100.00 price target for the company. Bank of America lifted their price target on Sylvamo from $82.00 to $88.00 and gave the stock a "neutral" rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada lifted their price target on Sylvamo from $63.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Monday, August 12th.

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.