Sylvamo (NYSE:SLVM) Posts Quarterly Earnings Results

Sylvamo (NYSE:SLVM - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02), Zacks reports. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The firm had revenue of $821.00 million for the quarter, compared to analysts' expectations of $819.61 million. During the same period last year, the firm posted $1.07 EPS. Sylvamo's revenue was down 9.3% on a year-over-year basis.

Sylvamo Stock Down 0.8%

Shares of Sylvamo stock traded down $0.44 during trading on Thursday, hitting $56.07. 124,714 shares of the stock traded hands, compared to its average volume of 329,809. The stock has a market cap of $2.28 billion, a P/E ratio of 7.78, a PEG ratio of 2.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. Sylvamo has a twelve month low of $51.60 and a twelve month high of $98.02. The company has a fifty day moving average price of $61.63 and a two-hundred day moving average price of $74.49.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were given a $0.45 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 3.21%. Sylvamo's dividend payout ratio (DPR) is presently 26.32%.

Insider Buying and Selling at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the transaction, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $10,035,526.32. The trade was a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price objective on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a report on Monday.

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.