Brokerages Expect International Paper Co (NYSE:IP) Will Post Earnings of $1.02 Per Share

Wall Street analysts expect International Paper Co (NYSE:IP) to post earnings per share (EPS) of $1.02 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for International Paper’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.05. International Paper reported earnings per share of $1.65 during the same quarter last year, which would suggest a negative year over year growth rate of 38.2%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, January 30th.

According to Zacks, analysts expect that International Paper will report full-year earnings of $4.36 per share for the current fiscal year, with EPS estimates ranging from $4.32 to $4.40. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.65 per share, with EPS estimates ranging from $3.45 to $4.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for International Paper.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.10. International Paper had a return on equity of 26.97% and a net margin of 6.03%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the previous year, the business earned $1.56 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year.

Several analysts have issued reports on the stock. BNP Paribas started coverage on shares of International Paper in a research report on Monday, December 2nd. They issued an “outperform” rating and a $53.00 price objective for the company. ValuEngine downgraded International Paper from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens set a $50.00 price target on International Paper and gave the company a “hold” rating in a report on Wednesday, October 9th. KeyCorp reissued a “sell” rating and set a $38.00 price target on shares of International Paper in a research report on Thursday, October 31st. Finally, Royal Bank of Canada set a $43.00 price objective on shares of International Paper and gave the stock a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.82.

In other news, SVP Timothy S. Nicholls sold 45,000 shares of International Paper stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $42.44, for a total transaction of $1,909,800.00. Following the transaction, the senior vice president now directly owns 60,490 shares in the company, valued at approximately $2,567,195.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP W. Michael Jr. Amick sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $44.83, for a total transaction of $358,640.00. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. DDD Partners LLC acquired a new stake in shares of International Paper in the second quarter valued at approximately $9,150,000. Cerebellum GP LLC acquired a new position in International Paper during the third quarter valued at approximately $121,000. CNB Bank raised its position in shares of International Paper by 204.0% in the third quarter. CNB Bank now owns 6,643 shares of the basic materials company’s stock valued at $278,000 after purchasing an additional 4,458 shares during the period. Janus Henderson Group PLC raised its position in shares of International Paper by 21.7% in the second quarter. Janus Henderson Group PLC now owns 181,662 shares of the basic materials company’s stock valued at $7,872,000 after purchasing an additional 32,333 shares during the period. Finally, Signet Financial Management LLC lifted its stake in shares of International Paper by 1.5% in the third quarter. Signet Financial Management LLC now owns 22,960 shares of the basic materials company’s stock worth $1,055,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 81.06% of the company’s stock.

Shares of IP stock opened at $47.26 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. International Paper has a 52 week low of $36.45 and a 52 week high of $48.24. The company has a market cap of $18.53 billion, a PE ratio of 8.88 and a beta of 1.53. The company’s fifty day simple moving average is $44.80 and its 200-day simple moving average is $42.49.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.5125 dividend. This is a boost from International Paper’s previous quarterly dividend of $0.50. This represents a $2.05 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, November 14th. International Paper’s dividend payout ratio (DPR) is currently 38.53%.

International Paper Company Profile

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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