International Paper Co (IP) Expected to Post Quarterly Sales of $5.89 Billion

Equities research analysts predict that International Paper Co (NYSE:IP) will post $5.89 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for International Paper’s earnings, with the lowest sales estimate coming in at $5.82 billion and the highest estimate coming in at $6.01 billion. International Paper posted sales of $5.91 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that International Paper will report full year sales of $23.11 billion for the current year, with estimates ranging from $22.86 billion to $23.34 billion. For the next financial year, analysts anticipate that the company will report sales of $23.36 billion per share, with estimates ranging from $23.00 billion to $23.84 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow International Paper.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.09 by $0.10. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. International Paper had a net margin of 12.95% and a return on equity of 29.24%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share.

Several equities analysts have recently commented on IP shares. ValuEngine downgraded shares of International Paper from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th. Wells Fargo & Co upped their price objective on shares of International Paper from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 9th. BMO Capital Markets raised shares of International Paper from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $70.00 in a research note on Wednesday, June 6th. Citigroup reaffirmed a “buy” rating and set a $65.00 price objective (down from $71.00) on shares of International Paper in a research note on Monday, July 23rd. Finally, Stephens set a $66.00 price objective on shares of International Paper and gave the company a “hold” rating in a research note on Wednesday, June 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. International Paper has a consensus rating of “Hold” and an average price target of $64.50.

Shares of NYSE:IP traded up $0.61 during midday trading on Friday, hitting $51.61. 2,063,100 shares of the stock traded hands, compared to its average volume of 2,743,453. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.50. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 1.57. International Paper has a one year low of $50.00 and a one year high of $66.94.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Wednesday, August 15th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, August 14th. International Paper’s dividend payout ratio is currently 54.44%.

In related news, SVP Sharon R. Ryan sold 15,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $52.87, for a total transaction of $793,050.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carleton C. Ealy sold 22,000 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $56.79, for a total transaction of $1,249,380.00. The disclosure for this sale can be found here. Insiders have sold 47,930 shares of company stock worth $2,652,980 in the last quarter. 0.32% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd purchased a new stake in International Paper in the second quarter worth about $106,000. Private Capital Group LLC grew its holdings in International Paper by 227.0% in the first quarter. Private Capital Group LLC now owns 2,093 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 1,453 shares during the period. Silvant Capital Management LLC purchased a new stake in International Paper in the first quarter worth about $119,000. Signaturefd LLC purchased a new stake in International Paper in the first quarter worth about $120,000. Finally, Squar Milner Financial Services LLC purchased a new stake in International Paper in the second quarter worth about $125,000. Institutional investors own 81.89% of the company’s stock.

International Paper Company Profile

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

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