Sylvamo (NYSE:SLVM) Announces Earnings Results

Sylvamo (NYSE:SLVM) released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share.

Sylvamo Stock Down 12.4 %

SLVM opened at $52.72 on Friday. Sylvamo has a 12 month low of $51.60 and a 12 month high of $98.02. The business has a 50-day moving average of $62.41 and a two-hundred day moving average of $75.06. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.80 annualized dividend 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 Sylvamo 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 sale, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th.

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.