International Paper (NYSE:IP – Get Free Report) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.14, Briefing.com reports. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.78 billion. International Paper had a return on equity of 7.28% and a net margin of 2.34%. International Paper’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share.
International Paper Stock Up 0.9 %
Shares of International Paper stock traded up $0.41 during trading hours on Friday, reaching $46.63. The company’s stock had a trading volume of 2,602,240 shares, compared to its average volume of 5,826,946. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.22 and a current ratio of 1.59. International Paper has a one year low of $31.76 and a one year high of $47.40. The company has a market capitalization of $16.20 billion, a P/E ratio of 94.37 and a beta of 1.06. The stock’s fifty day simple moving average is $44.60 and its two-hundred day simple moving average is $39.40.
International Paper Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, August 15th. International Paper’s dividend payout ratio is currently 377.55%.
Wall Street Analyst Weigh In
View Our Latest Research Report on IP
Insider Activity at International Paper
In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $44.58, for a total transaction of $26,748.00. Following the transaction, the director now owns 45,479 shares of the company’s stock, valued at $2,027,453.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 3,600 shares of company stock valued at $150,594. 0.55% of the stock is owned by corporate insiders.
International Paper Company Profile
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.
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