Equities research analysts expect International Paper Co (NYSE:IP) to report sales of $5.76 billion for the current quarter, Zacks reports. Five analysts have issued estimates for International Paper’s earnings, with the highest sales estimate coming in at $5.94 billion and the lowest estimate coming in at $5.64 billion. International Paper posted sales of $5.62 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, April 25th.
According to Zacks, analysts expect that International Paper will report full year sales of $23.75 billion for the current financial year, with estimates ranging from $23.03 billion to $24.18 billion. For the next year, analysts anticipate that the business will post sales of $23.76 billion, with estimates ranging from $22.98 billion to $24.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for International Paper.
International Paper (NYSE:IP) last announced its quarterly earnings results on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.04. International Paper had a return on equity of 30.72% and a net margin of 8.63%. The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.86 billion.
Several equities research analysts recently issued reports on the company. Argus decreased their price target on International Paper from $70.00 to $55.00 and set a “buy” rating for the company in a report on Monday, October 29th. Zacks Investment Research upgraded International Paper from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, December 4th. Citigroup reiterated a “buy” rating and set a $53.00 price target on shares of International Paper in a report on Friday, February 1st. Barclays decreased their price target on International Paper from $45.00 to $44.00 and set an “underweight” rating for the company in a report on Monday, October 29th. Finally, Deutsche Bank set a $55.00 price target on International Paper and gave the stock a “hold” rating in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.58.
In other International Paper news, insider Timothy S. Nicholls sold 45,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $46.67, for a total value of $2,100,150.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. 10 15 Associates Inc. boosted its position in International Paper by 1.7% in the fourth quarter. 10 15 Associates Inc. now owns 13,290 shares of the basic materials company’s stock worth $536,000 after purchasing an additional 220 shares during the last quarter. Advisory Services Network LLC boosted its position in International Paper by 194.3% in the fourth quarter. Advisory Services Network LLC now owns 22,443 shares of the basic materials company’s stock worth $906,000 after purchasing an additional 14,817 shares during the last quarter. Millennium Management LLC boosted its position in International Paper by 202.1% in the fourth quarter. Millennium Management LLC now owns 1,379,593 shares of the basic materials company’s stock worth $55,680,000 after purchasing an additional 922,860 shares during the last quarter. Macquarie Group Ltd. boosted its position in International Paper by 2.0% in the fourth quarter. Macquarie Group Ltd. now owns 15,910 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 310 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in International Paper by 12.2% in the fourth quarter. Cetera Advisors LLC now owns 4,938 shares of the basic materials company’s stock worth $200,000 after purchasing an additional 537 shares during the last quarter. 81.56% of the stock is currently owned by institutional investors and hedge funds.
International Paper stock traded up $0.65 during trading on Wednesday, hitting $47.15. 2,923,102 shares of the company were exchanged, compared to its average volume of 2,961,203. International Paper has a 52 week low of $37.55 and a 52 week high of $61.30. The company has a market capitalization of $19.10 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.95 and a beta of 1.58. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 1.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 21st will be given a $0.50 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $2.00 annualized dividend and a yield of 4.24%. International Paper’s dividend payout ratio is currently 37.59%.
About International Paper
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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