Sylvamo (SLVM) to Release Quarterly Earnings on Wednesday

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

Sylvamo (NYSE:SLVM) last announced 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. The company had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. Sylvamo’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. On average, analysts expect Sylvamo to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Sylvamo Trading Down 1.2 %

NYSE SLVM opened at $76.89 on Wednesday. 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 firm has a market capitalization of $3.15 billion, a P/E ratio of 11.96, a PEG ratio of 2.27 and a beta of 1.12. The business has a fifty day simple moving average of $82.94 and a 200 day simple moving average of $81.43. Sylvamo has a 12 month low of $44.94 and a 12 month high of $98.02.

Sylvamo Dividend Announcement

The company also recently declared 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s payout ratio is currently 27.99%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America reiterated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti initiated coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target on the stock.

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.