Sylvamo (NYSE:SLVM) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Sylvamo (NYSE:SLVM) announced its quarterly earnings results on Wednesday. The company reported $1.94 earnings per share 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 Price Performance

Shares of SLVM opened at $71.78 on Friday. The company has a 50 day moving average of $80.73 and a two-hundred day moving average of $81.53. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. 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 twelve month low of $44.94 and a twelve month high of $98.02.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were given a dividend of $0.45 per share. The ex-dividend date was Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.51%. Sylvamo’s payout ratio is 27.99%.

Wall Street Analyst Weigh In

SLVM has been the subject of a number of recent research reports. Bank of America reissued an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada reduced their price target on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday.

About Sylvamo

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.