Suzano (NYSE:SUZ) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Suzano (NYSE:SUZ) released its earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.16, FiscalAI reports. Suzano had a net margin of 17.20% and a return on equity of 14.92%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.17 billion.

Suzano Trading Up 1.4%

Shares of NYSE:SUZ traded up $0.14 during trading on Friday, reaching $9.63. 6,804,196 shares of the stock were exchanged, compared to its average volume of 3,525,675. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.75 and a current ratio of 3.38. Suzano has a 12-month low of $7.55 and a 12-month high of $11.53. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56. The firm’s 50-day moving average price is $8.90 and its 200 day moving average price is $9.04.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Suzano from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Bank of America raised shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, August 24th. Finally, Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.20.

About Suzano

Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.