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

Sylvamo (NYSE:SLVM) released its quarterly earnings data on Wednesday. The company reported $1.94 earnings per share for the quarter, beating 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 Stock Down 7.4 %

Shares of NYSE:SLVM opened at $70.52 on Thursday. The firm has a fifty day moving average price of $80.73 and a two-hundred day moving average price of $81.53. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.22 and a beta of 1.12. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. Sylvamo has a one year low of $44.94 and a one year high of $98.02.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.55%. The ex-dividend date was Monday, January 6th. Sylvamo’s dividend payout ratio is presently 27.99%.

Analyst Upgrades and Downgrades

Separately, Bank of America reiterated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research 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.