Zacks: Analysts Expect International Paper Co (NYSE:IP) to Post $1.06 Earnings Per Share

Wall Street analysts expect International Paper Co (NYSE:IP) to report $1.06 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for International Paper’s earnings. The highest EPS estimate is $1.30 and the lowest is $0.98. International Paper reported earnings of $1.56 per share in the same quarter last year, which indicates a negative year over year growth rate of 32.1%. The business is scheduled to report 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 financial year, with EPS estimates ranging from $4.31 to $4.80. For the next financial year, analysts expect that the business 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 a mean average based on a survey of sell-side research firms that that provide coverage for International Paper.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 25th. The basic materials company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.01 by $0.14. The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.77 billion. International Paper had a net margin of 6.88% and a return on equity of 30.14%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 EPS.

IP has been the topic of several research reports. KeyCorp reaffirmed a “sell” rating and set a $38.00 price target on shares of International Paper in a report on Thursday, July 25th. Citigroup lowered shares of 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. UBS Group set a $50.00 price target on shares of International Paper and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Stephens lowered shares of International Paper from an “overweight” rating to an “equal weight” rating and set a $60.00 price target on the stock. in a report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. International Paper currently has a consensus rating of “Hold” and a consensus target price of $47.82.

In other International Paper news, SVP Sharon R. Ryan sold 22,507 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $44.97, for a total transaction of $1,012,139.79. Following the sale, the senior vice president now directly owns 61,554 shares of the company’s stock, valued at approximately $2,768,083.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Phocas Financial Corp. bought a new stake in shares of International Paper in the 2nd quarter valued at $45,000. Kovitz Investment Group Partners LLC lifted its position in shares of International Paper by 6.0% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 99,835 shares of the basic materials company’s stock valued at $4,325,000 after acquiring an additional 5,656 shares during the period. Maverick Capital Ltd. acquired a new position in shares of International Paper during the 2nd quarter valued at $1,137,000. One Wealth Advisors LLC lifted its position in shares of International Paper by 291.3% during the 2nd quarter. One Wealth Advisors LLC now owns 10,572 shares of the basic materials company’s stock valued at $458,000 after acquiring an additional 7,870 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of International Paper during the 2nd quarter valued at $911,000. 82.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Paper stock 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 stock has a market cap of $15.18 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.71 and a beta of 1.49. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.02 and a current ratio of 1.46. The firm’s fifty day moving average price is $42.29 and its 200-day moving average price is $44.56. International Paper has a 12 month low of $37.55 and a 12 month high of $54.95.

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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Wednesday, August 14th. 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.

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

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