Sylvamo (SLVM) Expected to Announce Earnings on Wednesday

Sylvamo (NYSE:SLVM) will likely be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Sylvamo to post earnings of $1.84 per share and revenue of $965.41 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 EPS. On average, analysts expect Sylvamo to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Sylvamo Price Performance

SLVM opened at $76.44 on Tuesday. The firm has a market capitalization of $3.13 billion, a P/E ratio of 11.89, a PEG ratio of 2.22 and a beta of 1.12. The stock has a fifty day moving average of $81.76 and a 200-day moving average of $81.59. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. Sylvamo has a 12-month low of $44.94 and a 12-month high of $98.02.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s dividend payout ratio is currently 27.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SLVM. Bank of America reiterated an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti initiated coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the stock.

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.