Sylvamo (SLVM) to Release Earnings on Wednesday

Sylvamo (NYSE:SLVM) is expected to be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Sylvamo to post earnings of $1.84 per share and revenue of $965.41 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Sylvamo (NYSE:SLVM) last released its earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. During the same quarter in the previous year, the business earned $1.70 earnings per share. Sylvamo’s revenue for the quarter was up 7.6% 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

Shares of Sylvamo stock opened at $76.89 on Wednesday. The company has a market cap of $3.15 billion, a P/E ratio of 11.96, a PEG ratio of 2.27 and a beta of 1.12. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $82.94 and a two-hundred day moving average price of $81.43. Sylvamo has a 1-year low of $44.94 and a 1-year high of $98.02.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.34%. Sylvamo’s payout ratio is currently 27.99%.

Analysts Set New Price Targets

A number of research firms have issued reports on SLVM. Sidoti began coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target on the stock. Bank of America restated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th.

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.