Q3 EPS Forecast for International Paper Lowered by Analyst

International Paper (NYSE:IP) – Seaport Res Ptn decreased their Q3 2024 EPS estimates for shares of International Paper in a research note issued to investors on Monday, October 21st. Seaport Res Ptn analyst M. Weintraub now forecasts that the basic materials company will earn $0.27 per share for the quarter, down from their previous estimate of $0.28. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for International Paper’s current full-year earnings is $1.55 per share. Seaport Res Ptn also issued estimates for International Paper’s Q4 2024 earnings at $0.41 EPS and FY2024 earnings at $1.40 EPS.

International Paper (NYSE:IP) last posted its earnings results on Wednesday, July 24th. The basic materials company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.41 by $0.14. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.78 billion. International Paper had a net margin of 2.34% and a return on equity of 7.28%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share.

Several other research firms also recently commented on IP. Wells Fargo & Company boosted their target price on shares of International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their target price on shares of International Paper from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Wednesday, August 14th. Stifel Nicolaus assumed coverage on shares of International Paper in a report on Tuesday, July 9th. They set a “hold” rating and a $48.70 price objective for the company. Finally, Truist Financial upped their price objective on shares of International Paper from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.46.

International Paper Stock Performance

IP stock opened at $48.64 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 99.27 and a beta of 1.04. International Paper has a 12 month low of $31.76 and a 12 month high of $50.68. The firm has a 50 day moving average of $48.10 and a two-hundred day moving average of $44.35.

Institutional Investors Weigh In On International Paper

Hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in International Paper by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,135,702 shares of the basic materials company’s stock valued at $824,716,000 after acquiring an additional 5,492,035 shares in the last quarter. Bank of New York Mellon Corp increased its position in International Paper by 133.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,214,754 shares of the basic materials company’s stock valued at $613,367,000 after acquiring an additional 8,132,332 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in International Paper in the 2nd quarter valued at about $119,012,000. Samlyn Capital LLC acquired a new stake in International Paper in the 2nd quarter valued at about $88,966,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in International Paper in the 2nd quarter valued at about $81,187,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Insider Activity

In other news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $46.10, for a total value of $27,660.00. Following the completion of the transaction, the director now owns 41,002 shares in the company, valued at approximately $1,890,192.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Joseph R. Saab sold 2,440 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $47.30, for a total transaction of $115,412.00. Following the completion of the sale, the senior vice president now owns 18,668 shares in the company, valued at $882,996.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $46.10, for a total transaction of $27,660.00. Following the sale, the director now owns 41,002 shares of the company’s stock, valued at $1,890,192.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,440 shares of company stock worth $934,142. 0.55% of the stock is currently owned by corporate insiders.

International Paper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, November 15th. International Paper’s dividend payout ratio is 377.55%.

International Paper Company Profile

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.