International Paper (NYSE:IP) will be releasing its earnings data before the market opens on Thursday, July 29th. Analysts expect International Paper to post earnings of $1.05 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, April 29th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.17. International Paper had a return on equity of 15.84% and a net margin of 4.72%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the company earned $0.57 EPS. International Paper's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect International Paper to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NYSE IP opened at $58.47 on Thursday. International Paper has a fifty-two week low of $33.92 and a fifty-two week high of $65.27. The company has a current ratio of 1.45, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $61.97. The stock has a market cap of $22.90 billion, a PE ratio of 23.77 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Monday, August 16th will be issued a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, August 13th. International Paper's dividend payout ratio (DPR) is currently 73.21%.
Several research firms have weighed in on IP. Wells Fargo & Company increased their price objective on International Paper from $66.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, June 7th. Argus upgraded International Paper from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Friday, June 11th. Stephens upgraded International Paper from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $58.00 to $80.00 in a report on Monday, June 28th. Morgan Stanley increased their price objective on International Paper from $48.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 6th. Finally, Zacks Investment Research cut International Paper from a "strong-buy" rating to a "hold" rating and set a $63.00 target price for the company. in a research note on Monday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. International Paper presently has an average rating of "Hold" and an average price target of $63.17.
In other International Paper news, SVP John V. Sims sold 8,909 shares of International Paper stock in a transaction on Thursday, May 20th. The stock was sold at an average price of $62.87, for a total transaction of $560,108.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by insiders.
International Paper Company Profile
International Paper Company operates as a paper and packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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