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

International Paper (NYSE:IP) announced its quarterly earnings data 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 Stock Performance

Shares of NYSE:IP traded up $0.95 during trading on Friday, reaching $58.00. The company had a trading volume of 3,216,673 shares, compared to its average volume of 5,579,976. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 49.57 and a beta of 1.03. International Paper has a fifty-two week low of $32.70 and a fifty-two week high of $60.36. The stock’s fifty day moving average price is $56.13 and its 200 day moving average price is $51.54.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.19%. International Paper’s payout ratio is currently 158.12%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IP. Royal Bank of Canada raised their price target on International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a research report on Wednesday, November 13th. Finally, Truist Financial increased their price target on International Paper from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.99.

Insider Activity at International Paper

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