Suzano (NYSE:SUZ) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Suzano (NYSE:SUZ) issued its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.11, Zacks reports. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. Suzano had a return on equity of 16.39% and a net margin of 13.03%.

Suzano Trading Up 10.8%

NYSE SUZ traded up $1.07 on Wednesday, reaching $10.92. The company had a trading volume of 2,852,207 shares, compared to its average volume of 2,408,443. The company’s fifty day moving average is $9.44 and its 200-day moving average is $9.36. Suzano has a 1-year low of $8.41 and a 1-year high of $10.84. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52.

Suzano Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, February 11th. Investors of record on Monday, December 22nd will be paid a $0.2036 dividend. The ex-dividend date of this dividend is Monday, December 22nd. Suzano’s dividend payout ratio is presently 18.75%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SUZ. 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 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Finally, Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $13.40.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SUZ. Amundi bought a new stake in Suzano in the 1st quarter valued at approximately $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Suzano by 16.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Suzano by 14.5% during the first quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock worth $5,178,000 after purchasing an additional 70,396 shares during the last quarter. Jane Street Group LLC grew its position in Suzano by 264.1% in the first quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock valued at $769,000 after purchasing an additional 60,028 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Suzano by 109.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock valued at $2,312,000 after buying an additional 128,455 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors.

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.