International Paper (NYSE:IP) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

International Paper (NYSE:IP) posted its quarterly earnings results on Thursday. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.06), Briefing.com reports. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the business earned $0.53 EPS. International Paper’s revenue was down 8.0% on a year-over-year basis.

International Paper Price Performance

NYSE IP traded up $0.31 during midday trading on Friday, hitting $33.83. The company had a trading volume of 6,662,459 shares, compared to its average volume of 4,974,238. The company has a market capitalization of $11.75 billion, a PE ratio of 40.82 and a beta of 0.99. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $36.68 and a 200-day moving average price of $35.81. International Paper has a twelve month low of $29.00 and a twelve month high of $41.28.

Insider Buying and Selling at International Paper

In related news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total transaction of $201,550.00. Following the sale, the senior vice president now owns 69,488 shares in the company, valued at approximately $2,414,708. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 8,800 shares of company stock valued at $310,438 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

IP has been the topic of a number of research analyst reports. Citigroup raised International Paper from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $46.00 in a research report on Wednesday, March 20th. StockNews.com lowered International Paper from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. Truist Financial reiterated a “buy” rating and set a $40.00 price objective on shares of International Paper in a report on Wednesday, April 17th. Wells Fargo & Company decreased their price objective on International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Argus downgraded International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, International Paper has a consensus rating of “Hold” and a consensus target price of $37.13.

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.