Sylvamo (NYSE:SLVM) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Sylvamo (NYSE:SLVM) posted its quarterly earnings data on Friday. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02), Zacks reports. The company had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $52.72 on Friday. The stock’s 50-day moving average is $62.41 and its two-hundred day moving average is $75.06. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. Sylvamo has a 1-year low of $51.60 and a 1-year high of $98.02.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 3.41%. Sylvamo’s dividend payout ratio (DPR) is presently 26.32%.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered 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, February 13th.

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.