International Paper Company (NYSE:IP):
International Paper and Graphic Packaging Create Leading Consumer Packaging Platform.
The company is trading up since yesterday’s close of 58.21.
International Paper Company declared a dividend payable on Friday December 15th, 2017. The dividend will be $0.475 per share for the quarter which comes to $1.90 on an annualized basis. This dividend amount will represent a yield of $3.30. The ex-dividend date is set for Friday the 11th of August 2017.
International Paper Company, launched on June 23, 1941, 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 Business’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging. As of December 31, 2016, the Company operated 29 pulp, paper and packaging mills, 170 converting and packaging plants, 16 recycling plants and three bag facilities in the United States. As of December 31, 2016, the production facilities in Canada, Europe, Asia, Africa, India, Latin America included 17 pulp, paper and packaging mills, 68 converting and packaging plants, and two recycling plants. As of December 31, 2016, the Company operated a printing and packaging products distribution business principally through 12 branches in Asia. The Company sells packaging products, paper products and other products directly to end users and converters, as well as through agents, resellers and paper distributors..
Shares are trading at $58.25 which is marginally over $56.86, the 50 day moving average and a tad higher than the 200 day moving average of $54.93. The 50 day moving average was up by +2.45% and the 200 day average moved up $3.32.
International Paper Company currently has a P/E ratio of 29.58 and the market value is 24.05B. In the last earnings report the EPS was $1.97 and is estimated to be $3.47 for the current year with 412,915,000 shares presently outstanding. Next quarter’s EPS is estimated at $1.15 and the next full year EPS is projected to be $4.31.
Traders are feeling more bearish lately if you take a look at the change in short interest. The firm had a rise in short interest from September 15, 2017 to September 29, 2017 of 6.23%. Short interest grew 371,820 over that timeframe. With short interest at 6,341,652 and short average daily volume at 1,991,134, days to cover is 3.0 and the short interest percentage is 0.02% as of September 29.
Investment firms have issued ratings on International Paper Company. On July 13 the company was upgraded from “Neutral” to “Buy” in a report from Goldman Sachs.