International Paper (IP) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

International Paper (NYSE:IP) released its quarterly earnings data on Thursday. The basic materials company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.08, Bloomberg Earnings reports. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period last year, the business posted $0.67 EPS. International Paper’s quarterly revenue was up 14.2% on a year-over-year basis.

International Paper (NYSE:IP) opened at $61.67 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $25,460.00, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. International Paper has a 1 year low of $49.60 and a 1 year high of $66.94.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s payout ratio is 37.62%.

IP has been the subject of several research analyst reports. Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, January 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $62.00 price objective on shares of International Paper in a research note on Friday, November 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of International Paper in a research note on Monday, October 23rd. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a research report on Friday. Finally, DA Davidson raised their price target on International Paper to $74.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $64.92.

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International Paper Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

Earnings History for International Paper (NYSE:IP)

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