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MarketScreener Homepage  >  Equities  >  Nyse  >  International Paper Company    IP

INTERNATIONAL PAPER COMPANY

(IP)
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International Paper : Second-Quarter Results Top Views

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07/26/2018 | 08:32am EDT

By Colin Kellaher

International Paper Co. (IP) on Thursday posted stronger-than-expected second-quarter earnings, bolstered by sequential volume growth and price realization across its three businesses.

The Memphis, Tenn., paper company reported net income of $405 million, or 97 cents a share, for the quarter, up from $80 million, or 19 cents a share, a year earlier.

Excluding items, the company reported a profit of $1.19 a share, compared with 66 cents a share a year earlier. Analysts were expecting an adjusted profit of $1.09 a share, according to FactSet.

Sales rose about 8.4% to $5.83 billion. Analysts were expecting revenue of $5.8 billion, according to FactSet.

"We see healthy demand across our global operations and are confident in our commitment to deliver a second consecutive year of strong earnings growth," said Mark Sutton, chairman and chief executive.

International Paper shares edged up 1.3% to $53.75 in premarket trading. Shares in the company are down 8% this year.

In June, International Paper named Timothy Nicholls as finance chief, shortly after the company pulled its proposed $10.4 billion bid for Dublin, Ireland-based competitor Smurfit Kappa Group PLC.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BASICNET S.P.A. -3.63% 3.19 Delayed Quote.-36.35%
INTERNATIONAL PAPER COMPANY -0.64% 31.13 Delayed Quote.-31.97%
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Financials (USD)
Sales 2020 21 470 M
EBIT 2020 1 605 M
Net income 2020 934 M
Debt 2020 8 504 M
Yield 2020 6,61%
P/E ratio 2020 12,9x
P/E ratio 2021 11,0x
EV / Sales2020 0,96x
EV / Sales2021 0,93x
Capitalization 12 207 M
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Technical analysis trends INTERNATIONAL PAPER COMPAN
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 41,67  $
Last Close Price 31,13  $
Spread / Highest target 70,3%
Spread / Average Target 33,8%
Spread / Lowest Target -29,3%
EPS Revisions
Managers
NameTitle
Mark S. Sutton Chairman & Chief Executive Officer
Timothy S. Nicholls Chief Financial Officer & Senior Vice President
Robert W. Wenker Chief Information Officer & Vice President
J. Steven Whisler Independent Director
Ahmet Cemal Dördüncü Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL PAPER COMPANY-31.97%12 207
MONDI PLC-22.09%8 333
PACKAGING CORPORATION OF AMERICA-22.47%8 157
WESTROCK COMPANY-34.14%7 304
SMURFIT KAPPA GROUP-28.43%6 698
YUNNAN ENERGY NEW MATERIAL CO., LTD.-0.39%4 833