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

Suzano (NYSE:SUZ) posted its earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.17 billion.

Suzano Stock Up 1.4%

NYSE:SUZ traded up $0.14 during trading hours 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 current ratio of 3.38, a quick ratio of 2.75 and a debt-to-equity ratio of 1.77. Suzano has a 1-year low of $7.55 and a 1-year high of $11.53. The business has a 50 day simple moving average of $8.90 and a two-hundred day simple moving average of $9.04. The company has a market cap of $11.95 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SUZ shares. Bank of America upgraded Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, August 24th. Zacks Research upgraded Suzano from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings downgraded Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Two 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. Based on data from MarketBeat.com, Suzano currently has an average rating of “Hold” and a consensus target price 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.