Sylvamo (NYSE:SLVM) Posts Earnings Results, Misses Expectations By $0.02 EPS

Sylvamo (NYSE:SLVM - Get Free Report) released its quarterly earnings data 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. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Sylvamo's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 earnings per share.

Sylvamo Trading Down 12.4 %

Shares of NYSE:SLVM traded down $7.48 during mid-day trading on Friday, reaching $52.72. 751,467 shares of the company's stock were exchanged, compared to its average volume of 328,470. 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 firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 2.23 and a beta of 1.18. The business's fifty day moving average price is $62.41 and its 200-day moving average price is $75.06.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is currently 26.32%.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price objective on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th.

Insider Activity at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the transaction, the chief executive officer now owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by company insiders.

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.

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