International Paper (NYSE:IP) will announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
IP stock opened at $43.20 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.02 and a current ratio of 1.46. The company’s 50-day simple moving average is $41.31 and its 200 day simple moving average is $42.54. International Paper has a 52 week low of $36.45 and a 52 week high of $48.24. The company has a market capitalization of $16.57 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.53.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.5125 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.50. This represents a $2.05 annualized dividend and a dividend yield of 4.75%. International Paper’s dividend payout ratio is 37.59%.
In related news, SVP Timothy S. Nicholls sold 45,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $42.44, for a total transaction of $1,909,800.00. Following the completion of the sale, the senior vice president now owns 60,490 shares of the company’s stock, valued at $2,567,195.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.
Several equities analysts recently commented on IP shares. Wells Fargo & Co decreased their price target on shares of International Paper from $43.00 to $42.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 8th. ValuEngine downgraded shares of International Paper from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. KeyCorp restated a “sell” rating and issued a $38.00 price target on shares of International Paper in a research note on Thursday, July 25th. Citigroup cut their price objective on shares of International Paper from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Finally, Stephens set a $50.00 price objective on shares of International Paper and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $45.20.
International Paper Company Profile
International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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