Suzano (NYSE:SUZ) Sets New 1-Year High on Better-Than-Expected Earnings

Suzano S.A. Sponsored ADR (NYSE:SUZ)’s share price reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $11.22 and last traded at $11.1760, with a volume of 9023827 shares changing hands. The stock had previously closed at $9.85.

The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 31.21%.

Suzano Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Jefferies Financial Group initiated coverage on shares of Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 target price for the company. Finally, Zacks Research raised Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Suzano currently has an average rating of “Buy” and a consensus price target of $13.40.

Institutional Trading of Suzano

A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of Suzano by 71.7% in the third quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after acquiring an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after buying an additional 1,400 shares during the period. Virtu Financial LLC purchased a new position in Suzano in the 3rd quarter valued at about $94,000. Vident Advisory LLC acquired a new stake in Suzano during the 2nd quarter valued at approximately $97,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Suzano in the 2nd quarter worth about $100,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Performance

The company has a current ratio of 3.20, a quick ratio of 2.52 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average of $9.44 and a 200-day moving average of $9.36. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.19 and a beta of 0.72.

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.