Zacks: Analysts Anticipate International Paper Co (IP) to Announce $1.61 Earnings Per Share

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Wall Street brokerages forecast that International Paper Co (NYSE:IP) will report earnings of $1.61 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for International Paper’s earnings. The lowest EPS estimate is $1.48 and the highest is $1.68. International Paper posted earnings per share of $1.27 in the same quarter last year, which suggests a positive year-over-year growth rate of 26.8%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, January 31st.

On average, analysts expect that International Paper will report full-year earnings of $5.30 per share for the current year, with EPS estimates ranging from $5.17 to $5.36. For the next year, analysts anticipate that the business will post earnings of $5.52 per share, with EPS estimates ranging from $4.70 to $5.99. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for International Paper.

International Paper (NYSE:IP) last posted its earnings results on Thursday, October 25th. The basic materials company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.09. International Paper had a return on equity of 29.75% and a net margin of 13.68%. The business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.90 billion.

A number of analysts recently issued reports on IP shares. Goldman Sachs Group cut International Paper from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research note on Wednesday, October 10th. Zacks Investment Research cut International Paper from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Wells Fargo & Co cut International Paper from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 9th. Royal Bank of Canada reissued a “buy” rating and set a $55.00 target price on shares of International Paper in a research note on Tuesday, October 23rd. Finally, Seaport Global Securities started coverage on International Paper in a research note on Tuesday, October 23rd. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. International Paper currently has an average rating of “Hold” and an average target price of $56.36.

NYSE IP opened at $45.68 on Friday. International Paper has a 52-week low of $37.55 and a 52-week high of $66.94. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.59 and a quick ratio of 1.13. The company has a market cap of $18.00 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.85 and a beta of 1.48.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.38%. International Paper’s dividend payout ratio is currently 57.31%.

International Paper declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 9th that allows the company to buyback $430.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Trust Co. NA grew its stake in shares of International Paper by 7.7% during the 4th quarter. Private Trust Co. NA now owns 5,531 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 396 shares in the last quarter. Alpha Windward LLC boosted its holdings in shares of International Paper by 52.8% in the 4th quarter. Alpha Windward LLC now owns 1,155 shares of the basic materials company’s stock valued at $47,000 after buying an additional 399 shares during the last quarter. First Command Bank boosted its holdings in shares of International Paper by 56.7% in the 4th quarter. First Command Bank now owns 1,185 shares of the basic materials company’s stock valued at $48,000 after buying an additional 429 shares during the last quarter. Eastern Bank boosted its holdings in shares of International Paper by 1.4% in the 4th quarter. Eastern Bank now owns 40,017 shares of the basic materials company’s stock valued at $1,615,000 after buying an additional 561 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its holdings in shares of International Paper by 25.9% in the 4th quarter. Vigilant Capital Management LLC now owns 3,888 shares of the basic materials company’s stock valued at $157,000 after buying an additional 800 shares during the last quarter. 80.91% of the stock is owned by institutional investors.

About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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