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

International Paper (NYSE:IP) issued its earnings results on Thursday. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05), Zacks reports. International Paper had a return on equity of 6.49% and a net margin of 2.25%.

International Paper Trading Down 1.3 %

Shares of IP traded down $0.76 during mid-day trading on Thursday, hitting $57.22. The company had a trading volume of 7,453,453 shares, compared to its average volume of 5,424,080. The business’s 50-day simple moving average is $56.17 and its 200-day simple moving average is $51.51. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. International Paper has a 1-year low of $32.70 and a 1-year high of $60.36. The stock has a market cap of $19.88 billion, a PE ratio of 48.91 and a beta of 1.03.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.4625 per share. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.23%. International Paper’s dividend payout ratio is currently 158.12%.

Insider Buying and Selling at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $56.19, for a total transaction of $33,714.00. Following the completion of the sale, the director now owns 37,745 shares in the company, valued at $2,120,891.55. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IP has been the subject of several research reports. Royal Bank of Canada lifted their price objective on shares of International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial boosted their price target on shares of International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a report on Wednesday, November 13th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.99.

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.