$0.89 EPS Expected for Champion International Paper (IP) This Quarter

Analysts predict that Champion International Paper (NYSE:IP) will post earnings per share of $0.89 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Champion International Paper’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.86. Champion International Paper reported earnings of $0.60 per share during the same quarter last year, which would suggest a positive year over year growth rate of 48.3%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that Champion International Paper will report full-year earnings of $4.84 per share for the current fiscal year, with EPS estimates ranging from $4.57 to $5.15. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.23 per share, with EPS estimates ranging from $4.81 to $5.70. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Champion International Paper.

Champion International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.08. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $6.01 billion. Champion International Paper had a net margin of 9.36% and a return on equity of 29.05%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share.



Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Champion International Paper from a “sell” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Monday. UBS initiated coverage on shares of Champion International Paper in a report on Thursday, March 29th. They issued a “buy” rating and a $63.00 target price on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $70.00 target price on shares of Champion International Paper in a report on Thursday, January 25th. ValuEngine raised shares of Champion International Paper from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Wells Fargo reduced their target price on shares of Champion International Paper from $60.00 to $53.00 and set a “market perform” rating on the stock in a report on Tuesday, March 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Champion International Paper has an average rating of “Hold” and an average target price of $63.54.

Shares of IP opened at $52.59 on Tuesday. The stock has a market cap of $21,654.60, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.14 and a beta of 1.51. Champion International Paper has a 1 year low of $49.62 and a 1 year high of $66.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.17 and a current ratio of 1.62.

A number of institutional investors have recently made changes to their positions in IP. Fred Alger Management Inc. increased its stake in Champion International Paper by 1,975.1% in the fourth quarter. Fred Alger Management Inc. now owns 1,481,006 shares of the basic materials company’s stock valued at $85,809,000 after purchasing an additional 1,409,637 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Champion International Paper in the fourth quarter valued at approximately $21,131,000. American Century Companies Inc. grew its position in shares of Champion International Paper by 73.8% during the fourth quarter. American Century Companies Inc. now owns 729,947 shares of the basic materials company’s stock worth $42,293,000 after acquiring an additional 310,015 shares during the last quarter. HBK Investments L P grew its position in shares of Champion International Paper by 377.2% during the fourth quarter. HBK Investments L P now owns 310,200 shares of the basic materials company’s stock worth $17,973,000 after acquiring an additional 245,200 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Champion International Paper by 149.3% during the fourth quarter. Toronto Dominion Bank now owns 394,986 shares of the basic materials company’s stock worth $22,885,000 after acquiring an additional 236,524 shares during the last quarter. Institutional investors own 82.60% of the company’s stock.

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Champion International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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