Suzano (NYSE:SUZ) Sets New 52-Week High Following Strong Earnings

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

The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.30 billion. Suzano had a return on equity of 30.84% and a net margin of 26.11%.

Suzano Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.2036 per share. The ex-dividend date of this dividend was Monday, December 22nd. Suzano’s payout ratio is currently 9.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SUZ. Jefferies Financial Group assumed coverage on shares of Suzano in a research note on Thursday, February 5th. They issued a “buy” rating and a $13.40 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Finally, Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Suzano has an average rating of “Buy” and an average target price of $13.40.

Institutional Investors Weigh In On Suzano

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in shares of Suzano by 71.7% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $93,000 after buying an additional 1,400 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Suzano in the third quarter valued at about $94,000. Vident Advisory LLC acquired a new stake in Suzano during the 2nd quarter valued at $97,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Suzano during the second quarter valued at $100,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Trading Up 0.3%

The business’s 50-day moving average price is $9.52 and its two-hundred day moving average price is $9.38. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 2.52. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 0.22 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.