Suzano (NYSE:SUZ) Issues Quarterly Earnings Results

Suzano (NYSE:SUZ) announced its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Suzano had a return on equity of 16.39% and a net margin of 13.03%.

Suzano Stock Performance

Shares of NYSE:SUZ traded down $0.01 during trading on Tuesday, hitting $9.84. 3,880,065 shares of the company were exchanged, compared to its average volume of 2,417,187. Suzano has a fifty-two week low of $8.41 and a fifty-two week high of $10.41. The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.97. The firm has a fifty day moving average price of $9.43 and a two-hundred day moving average price of $9.36.

Suzano Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Monday, December 22nd will be paid a $0.2036 dividend. The ex-dividend date is Monday, December 22nd. Suzano’s dividend payout ratio (DPR) is currently 18.75%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research note on Monday, December 29th. Finally, Jefferies Financial Group started coverage on Suzano in a research report on Thursday, February 5th. They set a “buy” rating and a $13.40 target price for the company. 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 stock. According to MarketBeat.com, Suzano has a consensus rating of “Buy” and an average target price of $13.40.

Institutional Trading of Suzano

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP acquired a new position in Suzano during the third quarter worth approximately $347,000. Centiva Capital LP bought a new position in shares of Suzano during the 3rd quarter worth approximately $191,000. Creative Planning increased its holdings in shares of Suzano by 52.0% during the 3rd quarter. Creative Planning now owns 47,584 shares of the company’s stock worth $447,000 after acquiring an additional 16,285 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Suzano by 82.7% during the 3rd quarter. Brooklyn Investment Group now owns 40,165 shares of the company’s stock valued at $378,000 after purchasing an additional 18,179 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in Suzano by 480.0% during the second quarter. Headlands Technologies LLC now owns 17,567 shares of the company’s stock worth $165,000 after purchasing an additional 14,538 shares during the period. 2.55% of the stock is owned by institutional investors.

About Suzano

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.