International Paper (NYSE:IP – Get Free Report) released its quarterly earnings data on Thursday. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06), Briefing.com reports. The company had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS.
International Paper Stock Performance
Shares of International Paper stock traded up $0.31 during trading on Friday, hitting $33.83. 5,983,665 shares of the company’s stock traded hands, compared to its average volume of 4,987,529. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.19. International Paper has a 1 year low of $29.00 and a 1 year high of $41.28. The stock has a market capitalization of $11.75 billion, a P/E ratio of 40.82 and a beta of 0.99. The business has a 50-day simple moving average of $36.68 and a 200-day simple moving average of $35.81.
Insider Activity at International Paper
In other International Paper news, SVP James P. Jr. Royalty sold 5,800 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total value of $201,550.00. Following the transaction, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at $2,414,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 8,800 shares of company stock valued at $310,438 over the last ninety days. Insiders own 0.55% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on IP
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.
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