Sylvamo (NYSE:SLVM) Issues Earnings Results

Sylvamo (NYSE:SLVM - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $1.94 EPS for the quarter, topping the consensus estimate 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 Trading Up 0.2 %

NYSE:SLVM traded up $0.13 during trading hours on Friday, reaching $71.93. The company's stock had a trading volume of 420,391 shares, compared to its average volume of 229,346. The firm has a 50-day simple moving average of $80.01 and a 200-day simple moving average of $81.49. Sylvamo has a 1 year low of $50.00 and a 1 year high of $98.02. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 2.22 and a beta of 1.12. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Monday, January 6th. Sylvamo's payout ratio is presently 27.99%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SLVM shares. Royal Bank of Canada cut their price target on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a report on Thursday. Bank of America reissued an "underperform" rating and issued a $96.00 price target on shares of Sylvamo in a report 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.