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%.
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.
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