Suzano (NYSE:SUZ) Sets New 12-Month High Following Earnings Beat

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s share price reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $11.22 and last traded at $11.1760, with a volume of 9023827 shares traded. The stock had previously closed at $9.85.

The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.11. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Suzano had a return on equity of 31.21% and a net margin of 26.11%.

Suzano Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.2036 per share. The ex-dividend date of this dividend was Monday, December 22nd. Suzano’s dividend payout ratio (DPR) is 9.52%.

Wall Street Analysts Forecast Growth

SUZ has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th. Finally, Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Suzano has an average rating of “Buy” and a consensus price target of $13.40.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SUZ. Amundi purchased a new stake in Suzano in the first quarter worth about $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after buying an additional 1,400 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Suzano by 14.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock valued at $5,178,000 after buying an additional 70,396 shares in the last quarter. Jane Street Group LLC raised its stake in Suzano by 264.1% during the first quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock valued at $769,000 after buying an additional 60,028 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Suzano by 15.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,503 shares of the company’s stock worth $212,000 after acquiring an additional 2,980 shares in the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Stock Performance

The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52. The business has a 50 day moving average price of $9.48 and a 200 day moving average price of $9.37. The stock has a market capitalization of $14.80 billion, a PE ratio of 5.91, a PEG ratio of 0.19 and a beta of 0.72.

Suzano Company Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.