Q3 2017 Earnings Forecast for International Paper Company Issued By Jefferies Group (NYSE:IP)

International Paper Company (NYSE:IP) – Equities research analysts at Jefferies Group reduced their Q3 2017 earnings per share (EPS) estimates for shares of International Paper in a report issued on Thursday. Jefferies Group analyst P. Ng now forecasts that the basic materials company will post earnings per share of $1.08 for the quarter, down from their prior forecast of $1.17. Jefferies Group currently has a “Buy” rating and a $66.00 target price on the stock. Jefferies Group also issued estimates for International Paper’s Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $3.39 EPS and FY2018 earnings at $4.52 EPS.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS.

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Other analysts have also issued research reports about the company. BidaskClub raised International Paper from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) raised International Paper from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $64.00 in a report on Thursday, July 13th. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, July 11th. Vertical Research reissued a “buy” rating on shares of International Paper in a report on Friday. Finally, KeyCorp reissued a “hold” rating on shares of International Paper in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. International Paper currently has an average rating of “Hold” and an average target price of $56.90.

International Paper (IP) opened at 54.98 on Monday. International Paper has a 52 week low of $43.55 and a 52 week high of $58.95. The firm has a 50-day moving average price of $56.62 and a 200-day moving average price of $53.66. The company has a market cap of $23.15 billion, a P/E ratio of 27.92 and a beta of 1.48.

A number of institutional investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP increased its position in International Paper by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,250 shares during the period. Asset Advisors Corp increased its position in International Paper by 3.6% in the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after buying an additional 84 shares during the period. Hefty Wealth Partners increased its position in International Paper by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock valued at $160,000 after buying an additional 3,098 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in International Paper during the first quarter valued at $172,000. Finally, Parallel Advisors LLC increased its position in International Paper by 24.8% in the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock valued at $182,000 after buying an additional 680 shares during the period. Institutional investors own 83.09% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.85 annualized dividend and a yield of 3.36%. International Paper’s dividend payout ratio (DPR) is presently 93.91%.

International Paper Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

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

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