International Paper (NYSE:IP) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS

International Paper (NYSE:IPGet Free Report) released its quarterly earnings results on Thursday. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05), Zacks reports. International Paper had a net margin of 2.25% and a return on equity of 6.49%.

International Paper Stock Down 1.3 %

IP traded down $0.74 on Thursday, hitting $57.24. The company had a trading volume of 7,264,079 shares, compared to its average volume of 5,413,601. The stock has a fifty day moving average price of $56.17 and a 200-day moving average price of $51.51. International Paper has a 12-month low of $32.70 and a 12-month high of $60.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.53. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 48.92 and a beta of 1.03.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.4625 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a yield of 3.23%. International Paper’s dividend payout ratio (DPR) is presently 158.12%.

Insider Buying and Selling at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $58.39, for a total transaction of $35,034.00. Following the sale, the director now owns 37,145 shares in the company, valued at approximately $2,168,896.55. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IP. Truist Financial increased their target price on International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Royal Bank of Canada increased their target price on International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, BNP Paribas lowered International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and a consensus price target of $51.99.

Check Out Our Latest Stock Report on IP

About International Paper

(Get Free Report)

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.

Further Reading

Earnings History for International Paper (NYSE:IP)

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