International Paper (IP) Earning Somewhat Favorable Media Coverage, Study Shows
News stories about International Paper (NYSE:IP) have trended somewhat positive on Thursday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Paper earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.636877599372 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Investors watching high dividend yield of: International Paper Company (IP) – Voice Of Analysts (analystsbuzz.com)
- IP, Rayonier plants in Georgia gearing back up after Irma disruption – Savannah Morning News (savannahnow.com)
- International Paper Could Be Nearing a Breakout (finance.yahoo.com)
- Cover story: Pulp non-fiction: A look inside IP, with chairman/CEO Mark Sutton (bizjournals.com)
- International Paper (IP) Presents At Credit Suisse 30th Annual Basic Materials Conference – Slideshow (seekingalpha.com)
International Paper (NYSE:IP) traded down 0.95% during midday trading on Thursday, reaching $57.29. 1,322,475 shares of the company traded hands. The firm has a 50-day moving average of $54.48 and a 200-day moving average of $53.84. The stock has a market capitalization of $23.66 billion, a P/E ratio of 29.10 and a beta of 1.46. International Paper has a 1-year low of $43.55 and a 1-year high of $58.95.
International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 27.09% and a net margin of 3.73%. International Paper’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. On average, analysts predict that International Paper will post $3.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, August 11th. International Paper’s payout ratio is 93.91%.
Several brokerages have recently weighed in on IP. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price objective on shares of International Paper in a research note on Monday, August 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 price objective on shares of International Paper in a research note on Friday, August 18th. BMO Capital Markets reiterated a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. DA Davidson upgraded shares of International Paper from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $53.75 to $62.00 in a research note on Monday, August 14th. Finally, Barclays PLC reiterated a “sell” rating and issued a $50.00 price objective on shares of International Paper in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $60.07.
In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total transaction of $57,649.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.63% of the company’s stock.
About International Paper
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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