International Paper (NYSE:IP) Releases Earnings Results, Misses Expectations By $0.06 EPS

International Paper (NYSE:IP - Get Free Report) issued its quarterly earnings data on Thursday. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.06), Briefing.com reports. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The company had revenue of $4.62 billion for the quarter, compared to analysts' expectations of $4.56 billion. During the same quarter last year, the company earned $0.53 earnings per share. The company's revenue for the quarter was down 8.0% on a year-over-year basis.

International Paper Stock Up 0.9 %

Shares of International Paper stock traded up $0.31 during trading on Friday, reaching $33.83. The company's stock had a trading volume of 5,983,665 shares, compared to its average volume of 4,996,806. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.65. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 41.26 and a beta of 0.99. International Paper has a 1-year low of $29.00 and a 1-year high of $41.28. The company has a 50-day simple moving average of $36.64 and a two-hundred day simple moving average of $35.80.

Insider Transactions at International Paper

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total value of $201,550.00. Following the completion of the sale, the senior vice president now owns 69,488 shares of the company's stock, valued at approximately $2,414,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 8,800 shares of company stock valued at $310,438 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IP. Truist Financial reiterated a "buy" rating and issued a $40.00 price target on shares of International Paper in a report on Wednesday, April 17th. Argus downgraded International Paper from a "buy" rating to a "hold" rating in a report on Monday, February 26th. Citigroup upgraded International Paper from a "neutral" rating to a "buy" rating and increased their price target for the stock from $36.00 to $46.00 in a report on Wednesday, March 20th. Wells Fargo & Company reduced their price objective on International Paper from $39.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. Finally, StockNews.com downgraded International Paper from a "buy" rating to a "hold" rating in a report on Sunday, January 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, International Paper currently has an average rating of "Hold" and a consensus target price of $37.13.

About International Paper

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.