Stock News Buzz: International Paper Company (NYSE: IP)

On 19 Nov 2019, International Paper Company stock identified change of 26.12% away from 52-week low price and recently located move of -4.71% off 52-week high price. It has market worth of $18047.82M and dividend yield of 4.46%. IP stock has been recorded 8.41% away from 50 day moving average and 5.50% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.36% off 20-day moving average.

International Paper (IP) recently stated third quarter 2019 financial results.

HIGHLIGHTS

  • Third quarter net earnings attributable to International Paper of $344M ($0.87 per diluted share) contrast with $292M ($0.73 per diluted share) in the second quarter of 2019 and $562M ($1.37 per diluted share) in the third quarter of 2018
  • Third quarter adjusted operating earnings* (non-GAAP) of $431M ($1.09 per diluted share) contrast with $460M ($1.15 per diluted share) in the second quarter of 2019 and $641M ($1.56 per diluted share) in the third quarter of 2018
  • Third quarter cash provided by operations of $882M and year-to-date of $2.7B contrast with $2.4B year-to-date in the same period of 2018
  • Strong operating performance and cost management
  • Third quarter debt repayment of $383M
  • Third quarter share repurchases of $74M, bringing the trailing 12 month total to $685M

Industrial Packaging operating profits in the third quarter of 2019 were $510M ($535M not including special items) contrast with $507M ($515M not including special items) in the second quarter of 2019. In North America, earnings increased Because of improved demand for boxes and export container-board, lower planned maintenance outage expenses and lower input costs, primarily for recycled container-board and wood. Earnings were negatively influenced by lower export container-board prices and seasonally higher manufacturing operations. In Europe, earnings improved driven by higher average margins and favorable manufacturing operations which benefited from continued improved performance at the Madrid, Spain mill, partially offset by seasonally lower volumes, primarily in Morocco.

Global Cellulose Fibers operating profits in the third quarter of 2019 were $(3)M ($4M not including special items) contrast with $(2)M ($0M not including special items) in the second quarter of 2019. Lower planned maintenance outage expenses and input costs, primarily for energy, chemicals and wood were mostly offset by lower average sales prices for fluff and market pulp and increased economic downtime.

Printing Papers operating profits in the third quarter of 2019 were $148M ($162M not including special items) versus $(33)M ($114M not including special items) in the second quarter of 2019. Earnings in both periods were negatively affected by the net impairment of our India Papers business, included as a special item below. In North America, earnings increased Because of improved manufacturing operations and lower planned maintenance outage expenses.  Average sales margins were slightly lower, primarily Because of an unfavorable geographic mix. In Brazil, earnings increased Because of seasonally stronger demand and a favorable geographic mix, partially offset by unfavorable export average sales prices. In Europe and Russia, earnings increased primarily Because of lower planned maintenance outages in both regions.

 The Consumer Goods sector company, International Paper Company noticed change of 0.20% to $45.97 along volume of 2559198 shares in recent session compared to an average volume of 3032.37K. The stock observed return of -0.54% in 5 days trading activity. The stock was at 8.73% over one-month performance. IP’s shares are at 17.81% for the quarter and driving a -0.45% return over the course of the past year and is now at 13.90% since this point in 2018.   The average volatility for the week at 1.27% and for month was at 1.90%. There are 392.6M shares outstanding and 391.08M shares are floated in market. Right now the stock beta is 1.53.

 

 

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