International Paper (NYSE:IP) Earning Somewhat Favorable Media Coverage, Analysis Finds
News articles about International Paper (NYSE:IP) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. International Paper earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.2683297848932 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- International Paper Co : Earnings Review and Free Research Report: International Paper’s Revenue Grew 8%; EPS Soared 90% (4-traders.com)
- International Paper Stock Sees Short Interest Decline 21% (marketnewsvideo.com)
- Seaward Management Limited Partnership Has $521000 Position in International Paper Company (IP) (overnewsmagazine.com)
- Aperio Group LLC Buys 25213 Shares of International Paper Company (NYSE:IP) (campdesrecrues.com)
- Bollard Group LLC Increases Position in International Paper Company (NYSE:IP) (wisdomsave.com)
International Paper (IP) traded down 2.25% during mid-day trading on Thursday, hitting $52.21. The company had a trading volume of 2,426,654 shares. The company has a 50 day moving average of $56.23 and a 200 day moving average of $53.70. International Paper has a 1-year low of $43.55 and a 1-year high of $58.95. The firm has a market capitalization of $21.56 billion, a PE ratio of 26.52 and a beta of 1.46.
International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.72 billion. International Paper had a net margin of 3.73% and a return on equity of 27.09%. International Paper’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Analysts predict that International Paper will post $3.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, August 11th. International Paper’s dividend payout ratio (DPR) is 93.91%.
A number of research analysts have commented on the company. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research report on Thursday, June 29th. Deutsche Bank AG upped their price target on International Paper from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 price target (up previously from $65.00) on shares of International Paper in a research report on Friday, July 14th. Zacks Investment Research lowered International Paper from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of International Paper in a research report on Saturday, April 22nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. International Paper has an average rating of “Hold” and a consensus target price of $57.89.
In related news, insider Gregory T. Wanta sold 1,044 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total value of $57,649.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.
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.
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