Revenue Update on International Paper Co(NYSE:IP)

International Paper Co(NYSE:IP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $5.32B. Analysts estimated a revenue of $5.31B. Earnings per share were $0.92. Analysts had estimated an EPS of $0.84.

In a different note, On May 3, 2016, Jefferies said it Downgrades its rating on International Paper Co. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Hold’ by the firm. On May 2, 2016, Barclays said it Maintains its rating on International Paper Co. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

International Paper Co (IP) made into the market gainers list on Thursdays trading session with the shares advancing 0.17% or 0.08 points. Due to strong positive momentum, the stock ended at $45.82, which is also near the day’s high of $46.38. The stock began the session at $45.85 and the volume stood at 20,61,309 shares. The 52-week high of the shares is $48.23 and the 52 week low is $32.5. The company has a current market capitalization of $18,840 M and it has 41,11,74,340 shares in outstanding.

International Paper Co has also declared a cash dividend of $0.4400 on Jul 12, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Sep 15, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Glenn R Landau (SVP & Pres., IP Latin America) sold 10,000 shares at $43.28 per share price.Also, On Jun 6, 2016, Timothy S Nicholls (Senior Vice President) sold 13,000 shares at $42.71 per share price.On May 16, 2016, Thomas G Kadien (Senior Vice President) sold 15,000 shares at $41.94 per share price, according to the Form-4 filing with the securities and exchange commission.

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 operates in three segments: Industrial Packaging Printing Papers and Consumer Packaging. Industrial Packaging segment’s products include linerboard medium whitetop recycled linerboard recycled medium and saturating kraft. Printing Papers segment products include uncoated papers which engage in the business of producing papers for use in copiers desktop and laser printers and pulp which manufactures printing writing and specialty papers tissue products and filtration products. Consumer Packaging’s coated paperboard business produces coated paperboard for packaging and commercial printing end uses. Its foodservice business produces cups lids food containers and plates. Its brands include Hammermill Springhill Accent Ballet Rey Pol Everest Fortress and Carolina.

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