Sylvamo (SLVM) to Release Quarterly Earnings on Friday

Sylvamo (NYSE:SLVM) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.34. The company had revenue of $964.00 million for the quarter, compared to analysts’ expectations of $903.72 million. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.97 earnings per share. On average, analysts expect Sylvamo to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sylvamo Price Performance

Shares of SLVM stock opened at $65.17 on Friday. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.34 and a beta of 1.08. The business’s fifty day moving average is $60.52 and its 200 day moving average is $52.43. Sylvamo has a twelve month low of $37.59 and a twelve month high of $65.38. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 1.03.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Monday, April 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.20 annualized dividend and a yield of 1.84%. Sylvamo’s payout ratio is 20.27%.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 12,225 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $57.20, for a total value of $699,270.00. Following the sale, the chief executive officer now directly owns 132,276 shares of the company’s stock, valued at $7,566,187.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Peggy Maes sold 1,500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $63.20, for a total transaction of $94,800.00. Following the sale, the senior vice president now directly owns 11,249 shares of the company’s stock, valued at $710,936.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeanmichel Ribieras sold 12,225 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $57.20, for a total value of $699,270.00. Following the sale, the chief executive officer now directly owns 132,276 shares in the company, valued at $7,566,187.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,951 shares of company stock valued at $1,618,664. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $55.00 price target (up from $45.00) on shares of Sylvamo in a research note on Monday, February 26th.

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.