$1.03 Earnings Per Share Expected for International Paper Co (NYSE:IP) This Quarter

Brokerages expect that International Paper Co (NYSE:IP) will report earnings of $1.03 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for International Paper’s earnings, with estimates ranging from $0.98 to $1.08. International Paper posted earnings of $1.19 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 25th.

On average, analysts expect that International Paper will report full year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.62 to $5.41. For the next year, analysts anticipate that the company will post earnings of $4.66 per share, with EPS estimates ranging from $3.90 to $5.89. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow International Paper.

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



A number of equities research analysts have weighed in on IP shares. KeyCorp upped their price target on shares of SBA Communications from $215.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, July 15th. They noted that the move was a valuation call. Stephens set a $120.00 price objective on Electronic Arts and gave the stock a “buy” rating in a report on Monday, June 24th. Bank of America downgraded Propetro from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. Barclays restated a “sell” rating on shares of easyJet in a report on Monday, April 1st. Finally, UBS Group restated a “sell” rating on shares of in a report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $47.82.

In related news, SVP Thomas J. Plath sold 1,000 shares of the 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 transaction, the senior vice president now owns 30,671 shares in the company, valued at $1,385,409.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was 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 owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in IP. Advisory Alpha LLC bought a new stake in International Paper during the first quarter worth approximately $25,000. Bremer Bank National Association bought a new stake in shares of International Paper in the first quarter valued at approximately $28,000. Truvestments Capital LLC bought a new stake in shares of International Paper in the first quarter valued at approximately $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of International Paper in the first quarter valued at approximately $32,000. Finally, First Interstate Bank bought a new stake in shares of International Paper in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 81.32% of the company’s stock.

NYSE IP traded up $0.74 on Friday, reaching $43.24. The company’s stock had a trading volume of 3,358,107 shares, compared to its average volume of 2,876,390. International Paper has a twelve month low of $37.55 and a twelve month high of $54.95. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $16.89 billion, a PE ratio of 8.13, a PEG ratio of 1.72 and a beta of 1.49. The business has a 50 day moving average price of $43.22.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.63%. International Paper’s dividend payout ratio is 37.59%.

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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