Suzano (NYSE:SUZ) Issues Quarterly Earnings Results

Suzano (NYSE:SUZ) announced its earnings results on Wednesday. The company reported $0.67 earnings per share for the quarter, FiscalAI reports. Suzano had a return on equity of 30.84% and a net margin of 26.11%.The firm had revenue of $2.11 billion for the quarter.

Suzano Stock Performance

Suzano stock traded down $0.15 during trading hours on Thursday, hitting $8.79. 2,556,388 shares of the stock traded hands, compared to its average volume of 3,343,881. The company has a debt-to-equity ratio of 2.27, a current ratio of 3.18 and a quick ratio of 2.59. The firm’s 50 day moving average price is $10.01 and its 200-day moving average price is $9.59. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 4.65, a P/E/G ratio of 0.20 and a beta of 0.73. Suzano has a 1 year low of $8.66 and a 1 year high of $11.53.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SUZ. Zacks Research downgraded Suzano from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded Suzano from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research note on Tuesday, April 7th. Finally, Jefferies Financial Group began coverage on Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 target price on the stock. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.20.

Institutional Trading of Suzano

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in Suzano by 11,502.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock valued at $40,000 after purchasing an additional 4,256 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Suzano in the first quarter worth about $51,000. Parallel Advisors LLC boosted its stake 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 buying an additional 3,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 buying an additional 1,400 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Suzano in the third quarter worth about $94,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

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.