Sylvamo (SLVM) Set to Announce Quarterly Earnings on Friday

Sylvamo (NYSE:SLVM) is scheduled to release its earnings data before the market opens on Friday, May 10th. Analysts expect Sylvamo to post earnings of $1.04 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Sylvamo (NYSE:SLVM) last issued its earnings results on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.34. The firm 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 company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business 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 Stock Performance

Shares of NYSE:SLVM opened at $66.12 on Wednesday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.35 and a beta of 1.08. The firm’s 50 day simple moving average is $61.01 and its 200 day simple moving average is $53.01. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.72 and a quick ratio of 1.14. Sylvamo has a fifty-two week low of $37.59 and a fifty-two week high of $66.67.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Monday, April 8th were given a dividend of $0.30 per share. The ex-dividend date was Friday, April 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.81%. Sylvamo’s dividend payout ratio is 20.27%.

Insider Buying and Selling

In other news, SVP Peggy Maes sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.09, for a total value of $55,090.00. Following the sale, the senior vice president now directly owns 10,535 shares in the company, valued at $580,373.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,225 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $57.20, for a total transaction of $699,270.00. Following the sale, the chief executive officer now directly owns 132,276 shares of the company’s stock, valued at approximately $7,566,187.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Peggy Maes sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total value of $55,090.00. Following the completion of the transaction, the senior vice president now owns 10,535 shares of the company’s stock, valued at approximately $580,373.15. The disclosure for this sale can be found here. Insiders have sold a total of 26,951 shares of company stock worth $1,618,664 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $55.00 target price (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.