Sylvamo (SLVM) to Release Earnings on Tuesday

Sylvamo (NYSE:SLVM) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $2.21 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Sylvamo (NYSE:SLVM) last announced its earnings results on Friday, August 9th. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.58 by $0.40. The company had revenue of $933.00 million for the quarter, compared to analysts’ expectations of $937.56 million. Sylvamo had a net margin of 6.30% and a return on equity of 28.83%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.14 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 Up 2.8 %

Shares of NYSE:SLVM opened at $95.69 on Friday. The business’s 50 day simple moving average is $82.88 and its 200 day simple moving average is $74.65. Sylvamo has a 1 year low of $44.13 and a 1 year high of $95.74. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. The company has a market capitalization of $3.92 billion, a P/E ratio of 17.30, a P/E/G ratio of 5.04 and a beta of 1.08.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.88%. Sylvamo’s payout ratio is 32.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SLVM. Bank of America boosted their target price on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. Sidoti initiated coverage on Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price for the company. Finally, Royal Bank of Canada lifted their price target on Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th.

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.