Zacks: Brokerages Expect International Paper Co (NYSE:IP) Will Announce Quarterly Sales of $5.82 Billion

Brokerages expect that International Paper Co (NYSE:IP) will report sales of $5.82 billion for the current quarter, according to Zacks. Five analysts have provided estimates for International Paper’s earnings, with the lowest sales estimate coming in at $5.58 billion and the highest estimate coming in at $5.98 billion. International Paper posted sales of $5.83 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.2%. The business is expected to report its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that International Paper will report full-year sales of $23.24 billion for the current year, with estimates ranging from $22.95 billion to $23.48 billion. For the next financial year, analysts forecast that the business will post sales of $23.26 billion, with estimates ranging from $22.46 billion to $24.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for International Paper.

International Paper (NYSE:IP) last released its earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.20. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.73 billion. International Paper had a return on equity of 31.35% and a net margin of 7.32%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS.



Several equities research analysts have recently commented on the company. Citigroup boosted their price target on International Paper from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Bank of America lowered International Paper from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. UBS Group decreased their price target on International Paper from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Royal Bank of Canada lowered International Paper from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $54.00 to $47.00 in a research note on Friday, April 5th. Finally, Barclays decreased their price target on International Paper from $40.00 to $39.00 and set an “underweight” rating on the stock in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Shares of NYSE:IP traded down $0.44 during trading on Friday, hitting $43.52. 2,635,310 shares of the stock were exchanged, compared to its average volume of 2,980,298. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.74 and a beta of 1.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.43 and a quick ratio of 0.96. International Paper has a 12-month low of $37.55 and a 12-month high of $58.43.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 28th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, May 24th. International Paper’s payout ratio is currently 37.59%.

In related news, SVP Thomas J. Plath sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $45.17, for a total value of $45,170.00. Following the sale, the senior vice president now owns 30,671 shares of the company’s stock, valued at approximately $1,385,409.07. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $46.85, for a total value of $234,250.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of IP. Oregon Public Employees Retirement Fund lifted its stake in International Paper by 4,091.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,104,128 shares of the basic materials company’s stock valued at $102,000 after buying an additional 4,006,214 shares in the last quarter. Norges Bank purchased a new stake in International Paper in the 4th quarter valued at approximately $158,215,000. Ronna Sue Cohen lifted its stake in International Paper by 4,416.5% in the 1st quarter. Ronna Sue Cohen now owns 3,646,825 shares of the basic materials company’s stock valued at $3,647,000 after buying an additional 3,566,080 shares in the last quarter. BlackRock Inc. lifted its stake in International Paper by 4.9% in the 1st quarter. BlackRock Inc. now owns 38,343,898 shares of the basic materials company’s stock valued at $1,774,172,000 after buying an additional 1,784,970 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in International Paper by 67.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,144,553 shares of the basic materials company’s stock valued at $167,264,000 after buying an additional 1,667,274 shares in the last quarter. 81.32% of the stock is currently owned by hedge funds and other institutional investors.

About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Earnings History and Estimates for International Paper (NYSE:IP)

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