International Paper (NYSE:IP) Issues Earnings Results

International Paper (NYSE:IP) issued its quarterly earnings results on Thursday. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.38, MarketWatch Earnings reports. The firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.97 billion. International Paper had a return on equity of 19.18% and a net margin of 2.98%. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the company posted $1.15 EPS.

International Paper stock traded down $0.97 during trading hours on Friday, reaching $34.79. The company had a trading volume of 4,047,941 shares, compared to its average volume of 2,405,005. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.79 and a quick ratio of 0.56. The company has a 50-day moving average price of $35.29 and a 200 day moving average price of $36.07. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 21.74 and a beta of 1.33. International Paper has a 12-month low of $26.38 and a 12-month high of $47.64.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.5125 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.05 dividend on an annualized basis and a yield of 5.89%. International Paper’s dividend payout ratio (DPR) is currently 46.28%.

A number of analysts have recently issued reports on the company. KeyCorp reiterated a “sell” rating and set a $31.00 price target on shares of International Paper in a research report on Thursday. Zacks Investment Research cut International Paper from a “hold” rating to a “sell” rating and set a $36.00 price objective on the stock. in a report on Wednesday, May 27th. BofA Securities raised International Paper from a “neutral” rating to a “buy” rating in a report on Thursday, July 16th. Wells Fargo & Co raised their price objective on International Paper from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Morgan Stanley started coverage on International Paper in a report on Monday, June 15th. They set an “underweight” rating and a $29.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.50.

International Paper Company Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

See Also: Understanding Market Liquidity

Earnings History for International Paper (NYSE:IP)

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.