International Paper Co (NYSE:IP) Expected to Post Earnings of $1.06 Per Share

Share on StockTwits

Wall Street analysts predict that International Paper Co (NYSE:IP) will announce earnings per share (EPS) of $1.06 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for International Paper’s earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.30. International Paper reported earnings of $1.56 per share during the same quarter last year, which suggests a negative year over year growth rate of 32.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that International Paper will report full year earnings of $4.53 per share for the current year, with EPS estimates ranging from $4.31 to $4.80. For the next financial year, analysts expect that the firm will post earnings of $4.00 per share, with EPS estimates ranging from $3.54 to $4.70. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover International Paper.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.14. International Paper had a return on equity of 30.14% and a net margin of 6.88%. The company had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the firm posted $1.19 EPS. International Paper’s quarterly revenue was down 2.8% compared to the same quarter last year.

Several research firms recently weighed in on IP. UBS Group set a $50.00 price target on International Paper and gave the company a “buy” rating in a report on Monday, June 24th. Citigroup lowered International Paper from a “buy” rating to a “neutral” rating and decreased their price target for the company from $53.00 to $45.00 in a report on Thursday, July 11th. KeyCorp restated a “sell” rating and set a $38.00 price target on shares of International Paper in a report on Thursday, July 25th. Finally, Stephens lowered International Paper from an “overweight” rating to an “equal weight” rating and set a $60.00 target price on the stock. in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $47.82.

In other International Paper news, SVP Sharon R. Ryan sold 22,507 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $44.97, for a total value of $1,012,139.79. Following the sale, the senior vice president now owns 61,554 shares in the company, valued at $2,768,083.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Phocas Financial Corp. bought a new stake in International Paper during the second quarter valued at about $45,000. Kovitz Investment Group Partners LLC boosted its position in International Paper by 6.0% during the second quarter. Kovitz Investment Group Partners LLC now owns 99,835 shares of the basic materials company’s stock valued at $4,325,000 after purchasing an additional 5,656 shares in the last quarter. Maverick Capital Ltd. bought a new stake in International Paper during the second quarter valued at about $1,137,000. One Wealth Advisors LLC boosted its position in International Paper by 291.3% during the second quarter. One Wealth Advisors LLC now owns 10,572 shares of the basic materials company’s stock valued at $458,000 after purchasing an additional 7,870 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in International Paper during the second quarter valued at about $911,000. Institutional investors and hedge funds own 82.02% of the company’s stock.

NYSE:IP traded up $0.33 during midday trading on Monday, hitting $39.32. 2,961,649 shares of the company traded hands, compared to its average volume of 3,091,088. The firm’s fifty day moving average is $42.29 and its 200-day moving average is $44.56. International Paper has a 12-month low of $37.55 and a 12-month high of $54.95. The firm has a market capitalization of $15.18 billion, a P/E ratio of 7.39, a P/E/G ratio of 1.71 and a beta of 1.49. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.38.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.09%. International Paper’s 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.

Recommended Story: Buy-Side Analysts

Get a free copy of the Zacks research report on International Paper (IP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for International Paper (NYSE:IP)

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

-$0.61 EPS Expected for Titan Medical Inc.  This Quarter
-$0.61 EPS Expected for Titan Medical Inc. This Quarter
$70.20 Million in Sales Expected for New Age Beverages Corp  This Quarter
$70.20 Million in Sales Expected for New Age Beverages Corp This Quarter
Spark New Zealand Ltd  Plans Dividend Increase – $0.37 Per Share
Spark New Zealand Ltd Plans Dividend Increase – $0.37 Per Share
Ares Dynamic Credit Allocation Fund Inc  To Go Ex-Dividend on September 18th
Ares Dynamic Credit Allocation Fund Inc To Go Ex-Dividend on September 18th
Wells Fargo & Co Cuts Baker Hughes A GE  Price Target to $30.00
Wells Fargo & Co Cuts Baker Hughes A GE Price Target to $30.00
QAD Inc.  to Issue Quarterly Dividend of $0.07
QAD Inc. to Issue Quarterly Dividend of $0.07


 
© 2006-2019 Zolmax.