International Paper (NYSE:IP – Get Free Report) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.14, Briefing.com reports. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.78 billion. International Paper had a net margin of 2.34% and a return on equity of 7.28%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share.
International Paper Trading Up 0.9 %
IP stock traded up $0.41 during mid-day trading on Friday, reaching $46.63. The company had a trading volume of 2,602,240 shares, compared to its average volume of 5,826,946. The firm has a 50 day moving average of $44.60 and a 200 day moving average of $39.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.22. International Paper has a 12 month low of $31.76 and a 12 month high of $47.40. The company has a market capitalization of $16.20 billion, a PE ratio of 94.37 and a beta of 1.06.
International Paper Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, August 15th. International Paper’s dividend payout ratio is presently 377.55%.
Analyst Ratings Changes
Read Our Latest Research Report on International Paper
Insider Activity at International Paper
In other news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $45.11, for a total value of $27,066.00. Following the completion of the sale, the director now owns 43,402 shares of the company’s stock, valued at approximately $1,957,864.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 3,600 shares of company stock worth $150,594. Company insiders own 0.55% of the company’s stock.
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.
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