Brokerages forecast that International Paper Company (NYSE:IP) will post earnings per share of $1.19 for the current quarter, according to Zacks. Four analysts have issued estimates for International Paper’s earnings, with estimates ranging from $1.18 to $1.20. International Paper reported earnings per share of $0.73 during the same quarter last year, which suggests a positive year-over-year growth rate of 63%. The company is scheduled to issue its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that International Paper will report full-year earnings of $3.51 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.52. For the next year, analysts expect that the business will report earnings of $4.34 per share, with EPS estimates ranging from $3.72 to $4.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow International Paper.
International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue was up 12.3% on a year-over-year basis.
A number of research firms have recently commented on IP. Zacks Investment Research cut International Paper from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) upgraded International Paper from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $64.00 in a research note on Thursday, July 13th. Barclays PLC lifted their target price on International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. Vertical Research reissued a “buy” rating on shares of International Paper in a report on Friday, July 28th. Finally, Credit Suisse Group lifted their price objective on International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.73.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in International Paper during the 2nd quarter worth about $424,000. IHT Wealth Management LLC grew its position in shares of International Paper by 26.8% during the 2nd quarter. IHT Wealth Management LLC now owns 1,310 shares of the basic materials company’s stock valued at $650,000 after acquiring an additional 277 shares during the period. FNY Partners Fund LP grew its position in shares of International Paper by 166.7% during the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 1,250 shares during the period. Quadrant Capital Group LLC grew its position in shares of International Paper by 2.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 47 shares during the period. Finally, Ffcm LLC boosted its holdings in International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after buying an additional 1,242 shares during the last quarter. Hedge funds and other institutional investors own 83.06% of the company’s stock.
International Paper (IP) traded down $0.38 on Friday, reaching $57.12. The company had a trading volume of 1,516,087 shares, compared to its average volume of 1,557,607. The company has a market cap of $23,585.71, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.71 and a beta of 1.46. International Paper has a fifty-two week low of $43.62 and a fifty-two week high of $58.96. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a boost from International Paper’s previous quarterly dividend of $0.46. International Paper’s dividend payout ratio (DPR) is 85.25%.
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About International Paper
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.
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