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

International Paper (NYSE:IP) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, beating 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 net margin of 1.52% and a return on equity of 8.87%. International Paper’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $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 Down 1.7 %

Shares of IP opened at $34.76 on Tuesday. The firm has a market cap of $12.07 billion, a P/E ratio of 42.39 and a beta of 0.99. International Paper has a 12-month low of $29.00 and a 12-month high of $41.28. The company’s 50-day moving average price is $36.72 and its 200 day moving average price is $35.84. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.

Insider Buying and Selling

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 shares were 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 in the company, valued at $2,414,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 8,800 shares of company stock worth $310,438. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

IP has been the topic of several research analyst reports. Citigroup upgraded shares of International Paper from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $46.00 in a report on Wednesday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of International Paper in a research note on Friday, February 2nd. Argus lowered shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. Finally, Truist Financial reiterated a “buy” rating and set a $40.00 price target on shares of International Paper in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.13.

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.