Suzano (NYSE:SUZ) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Suzano (NYSE:SUZ) announced its earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.16, FiscalAI reports. Suzano had a net margin of 17.20% and a return on equity of 14.92%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion.

Suzano Stock Performance

SUZ traded up $0.14 during trading on Friday, hitting $9.63. The stock had a trading volume of 6,804,196 shares, compared to its average volume of 3,525,675. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.75 and a current ratio of 3.38. The firm has a market capitalization of $11.95 billion, a P/E ratio of 7.41, a PEG ratio of 0.13 and a beta of 0.56. The company’s 50-day moving average price is $8.90 and its 200 day moving average price is $9.04. Suzano has a twelve month low of $7.55 and a twelve month high of $11.53.

Wall Street Analyst Weigh In

SUZ has been the subject of several analyst reports. Bank of America raised Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, August 24th. Zacks Research raised Suzano from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Suzano presently has an average rating of “Hold” and an average price target of $13.20.

About Suzano

Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.