International Paper Co (NYSE:IP) Expected to Announce Earnings of $1.02 Per Share

Wall Street analysts predict that International Paper Co (NYSE:IP) will report $1.02 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for International Paper’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $1.00. International Paper reported earnings per share of $1.65 in the same quarter last year, which suggests a negative year-over-year growth rate of 38.2%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, January 30th.

According to Zacks, analysts expect that International Paper will report full-year earnings of $4.37 per share for the current year, with EPS estimates ranging from $4.32 to $4.40. For the next financial year, analysts expect that the company will post earnings of $3.61 per share, with EPS estimates ranging from $3.45 to $4.00. Zacks Investment Research’s earnings per share 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 posted its earnings results on Thursday, October 31st. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.63 billion. International Paper had a net margin of 6.03% and a return on equity of 26.97%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 earnings per share.

A number of research firms recently issued reports on IP. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research report on Tuesday. BNP Paribas began coverage on shares of International Paper in a research report on Monday. They set an “outperform” rating and a $53.00 target price for the company. Stephens set a $50.00 target price on shares of International Paper and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Co decreased their target price on shares of International Paper from $43.00 to $42.00 and set a “market perform” rating for the company in a research report on Tuesday, October 8th. Finally, KeyCorp restated a “sell” rating and set a $38.00 target price on shares of International Paper in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. International Paper presently has a consensus rating of “Hold” and an average target price of $45.82.

In other International Paper news, SVP W. Michael Jr. Amick sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $44.83, for a total value of $358,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy S. Nicholls sold 45,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $42.44, for a total transaction of $1,909,800.00. Following the sale, the senior vice president now directly owns 60,490 shares of the company’s stock, valued at approximately $2,567,195.60. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of International Paper by 32.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 925 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 224 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in International Paper by 1.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 14,812 shares of the basic materials company’s stock valued at $619,000 after acquiring an additional 228 shares in the last quarter. Fulcrum Capital LLC purchased a new stake in International Paper during the 3rd quarter valued at about $15,139,000. Shulman DeMeo Asset Management LLC grew its stake in International Paper by 3.0% during the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 8,403 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 245 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its stake in International Paper by 15.5% during the 3rd quarter. Carroll Financial Associates Inc. now owns 1,930 shares of the basic materials company’s stock valued at $80,000 after acquiring an additional 259 shares in the last quarter. 81.06% of the stock is owned by institutional investors and hedge funds.

NYSE IP traded down $0.12 on Wednesday, reaching $45.96. 2,490,572 shares of the company’s stock traded hands, compared to its average volume of 3,036,626. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 8.64 and a beta of 1.53. The stock has a 50 day moving average price of $44.59 and a 200-day moving average price of $42.47. International Paper has a fifty-two week low of $36.45 and a fifty-two week high of $48.24. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.49.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.5125 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 4.46%. This is an increase from International Paper’s previous quarterly dividend of $0.50. International Paper’s dividend payout ratio is 38.53%.

International Paper Company Profile

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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