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

Sylvamo (NYSE:SLVM) announced its quarterly earnings data on Wednesday. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10, Zacks reports. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%.

Sylvamo Price Performance

SLVM opened at $70.52 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $80.73 and its 200 day simple moving average is $81.53. The firm 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. Sylvamo has a 1 year low of $44.94 and a 1 year high of $98.02.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were issued a dividend of $0.45 per share. 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%.

Wall Street Analysts Forecast Growth

Separately, Bank of America reiterated an “underperform” rating and set 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.