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Pro-Trader Daily: Earnings Review and Free Research Report: International Paper's Revenue Grew 8%; EPS Soared 90%

Research Desk Line-up: Ball Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 10, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on International Paper Co. (NYSE: IP) ("IPC"), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=IP, following the Company's disclosure of its second quarter fiscal 2017 results on July 27, 2017. The global paper and packaging Company outperformed top- and bottom-line expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Packaging & Containers industry. Pro-TD has currently selected Ball Corporation (NYSE: BLL) for due-diligence and potential coverage as the Company reported on August 03, 2017, its financial results for Q2 2017. Register for a free membership today, and be among the early birds that get access to our report on Ball when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on IP; also brushing on BLL. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/'symbol=IP

http://protraderdaily.com/optin/'symbol=BLL

Earnings Reviewed

For the three months ended June 30, 2017, IPC's net sales were $5.77 billion compared to net sales of $5.32 billion in Q2 2016, driven by growth in the pulp business that was acquired in late 2016. The Company's sales numbers exceeded analysts' forecasts of $5.68 billion.

IPC reported net earnings attributable to the Company of $80 million, or $0.19 per share, compared to net earnings of $40 million, or $0.10 per share, in Q2 2016. IPC's reported quarter included a pre-tax gain of $16 million for restructuring and other charges, and also included a pre-tax charge of $14 million to amortize the inventory fair value step-up of the pulp business acquired in December 2016; pre-tax charges of $4 million for costs associated with the acquisition of that business; a net bargain purchase gain of $6 million on the June 2016 acquisition of the Holmen Paper newsprint mill in Spain; and a charge of $2 million for other items.

In Q2 2016, IPC's special items included a pre-tax charge of $28 million for costs associated with the sale of its Asia corrugated packaging business; a pre-tax charge of $5 million for costs associated with the agreement to purchase the Weyerhaeuser pulp business; a tax expense of $23 million associated with 2016 cash pension contributions; and a tax benefit of $6 million related to an international legal entity restructuring.

IPC's adjusted operating earnings were $270 million, or $0.65 per share, in Q2 2017 compared to $379 million, or $0.92 per share, in Q2 2016. The Company's earnings numbers also surpassed Wall Street's estimates of $0.64 per share. IPC's business segment operating profits were $129 million in the reported quarter compared to $627 million in the prior year.

Segment Information

During Q2 2017, IPC's Industrial Packaging segment reported sales of $3.71 billion compared to sales of $3.52 billion in Q2 2016. The division's operating profits were $50 million, or $407 million excluding special items, compared to operating profit of $458 million in the prior year's same quarter.

For Q2 2017, IPC's Global Cellulose Fibers unit recorded sales of $612 million compared to sales of $259 million. The Company's operating profits were $7 million in the reported quarter compared to a loss of $21 million in the prior year's same quarter. The business achieved record fluff pulp sales volumes in Q2 2017 as global demand for fluff pulp remains strong.

IPC's Printing Papers generated sales of $1.02 billion in Q2 2017 compared to sales of $1.01 billion in Q2 2016. The business posted operating profits of $86 million versus $117 million in the year ago corresponding period. The segment's earnings in North America were impacted by lower sales volumes, unfavorable mix, and heavy maintenance outage expenses, partially offset by higher export sales volume from Brazil.

For Q2 2017, IPC's consumer Packaging reported sales of $474 million compared to $501 million in Q2 2016. The segment's operating loss of $14 million compared to operating earnings of $73 million. The earnings decrease in the reported quarter was largely attributable to annual outage expenses and reliability issues at the Augusta, Georgia mill.

Cash Matters

IPC's cash provided by operations was $645 million in Q2 2017 compared to cash from $605 million in Q2 2016. The Company's free cash flow was $355 million for the reported quarter and $527 million in the prior year's same quarter.

Stock Performance

At the closing bell, on Wednesday, August 09, 2017, International Paper's stock fell 1.07%, ending the trading session at $53.41. A total volume of 1.85 million shares have exchanged hands. The Company's stock price surged 0.64% in the last three months, 0.58% in the past six months, and 15.96% in the previous twelve months. Moreover, the stock gained 0.66% since the start of the year. The stock is trading at a PE ratio of 27.11 and has a dividend yield of 3.46%. The stock currently has a market cap of $21.94 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

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