Zacks: Analysts Expect International Paper Co (NYSE:IP) to Post $1.02 Earnings Per Share

Analysts predict that International Paper Co (NYSE:IP) will announce earnings of $1.02 per share for the current quarter, according to Zacks. Three analysts have made estimates for International Paper’s earnings, with estimates ranging from $1.00 to $1.05. International Paper reported earnings of $1.65 per share during the same quarter last year, which would indicate a negative year over year growth rate of 38.2%. The business is scheduled to report its next earnings results on Thursday, January 30th.

On average, analysts expect that International Paper will report full-year earnings of $4.38 per share for the current fiscal year, with EPS estimates ranging from $4.32 to $4.46. For the next financial year, analysts expect that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.45 to $4.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover International Paper.

International Paper (NYSE:IP) last released its quarterly earnings data 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. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.63 billion. International Paper had a return on equity of 26.97% and a net margin of 6.03%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.56 earnings per share.

IP has been the subject of several research reports. Zacks Investment Research raised International Paper from a “sell” rating to a “hold” rating and set a $47.00 price target for the company in a report on Tuesday, November 5th. Royal Bank of Canada set a $43.00 price target on International Paper and gave the stock a “hold” rating in a report on Friday, November 1st. KeyCorp reissued a “sell” rating and set a $38.00 price target on shares of International Paper in a report on Thursday, October 31st. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Stephens set a $50.00 price target on International Paper and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $44.22.

In other International Paper news, SVP Timothy S. Nicholls sold 45,000 shares of the firm’s 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 owns 60,490 shares in the company, valued at approximately $2,567,195.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of International Paper by 32.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 925 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 224 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of International Paper by 1.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 14,812 shares of the basic materials company’s stock valued at $619,000 after purchasing an additional 228 shares during the last quarter. Fulcrum Capital LLC bought a new position in shares of International Paper in the 3rd quarter valued at $15,139,000. Carroll Financial Associates Inc. increased its stake in shares of International Paper by 17.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,671 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 243 shares during the last quarter. Finally, Shulman DeMeo Asset Management LLC increased its stake in shares of International Paper by 3.0% in the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 8,403 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 81.65% of the company’s stock.

NYSE:IP traded down $0.26 during mid-day trading on Monday, hitting $45.95. 1,785,536 shares of the stock were exchanged, compared to its average volume of 3,095,857. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 2.06 and a beta of 1.53. The firm’s 50-day simple moving average is $41.92 and its 200 day simple moving average is $42.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.49. International Paper has a fifty-two week low of $36.45 and a fifty-two week high of $48.24.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from International Paper’s previous quarterly dividend of $0.50. International Paper’s dividend payout ratio (DPR) 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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