International Paper (IP) Set to Announce Quarterly Earnings on Thursday

International Paper (NYSE:IP) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect International Paper to post earnings of $0.22 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion. International Paper had a return on equity of 8.87% and a net margin of 1.52%. International Paper’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. On average, analysts expect International Paper to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

International Paper Stock Performance

International Paper stock opened at $34.76 on Tuesday. The stock’s 50 day moving average price is $36.72 and its 200 day moving average price is $35.84. The firm has a market capitalization of $12.07 billion, a PE ratio of 42.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.67. International Paper has a one year low of $29.00 and a one year high of $41.28.

Analyst Upgrades and Downgrades

Several research firms recently commented on IP. Truist Financial reissued a “buy” rating and set a $40.00 price target on shares of International Paper in a research report on Wednesday, April 17th. Bank of America raised International Paper from an “underperform” rating to a “buy” rating and upped their target price for the company from $37.00 to $42.00 in a research report on Monday, March 4th. Wells Fargo & Company cut their target price on International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 target price on shares of International Paper in a research report on Friday, February 2nd. Finally, StockNews.com lowered International Paper from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, International Paper presently has a consensus rating of “Hold” and a consensus target price of $37.13.

Insider Activity at International Paper

In related news, SVP James P. Jr. Royalty sold 5,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total transaction of $201,550.00. Following the sale, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at approximately $2,414,708. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 8,800 shares of company stock valued at $310,438. Corporate insiders own 0.55% of the company’s stock.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.