Wall Street brokerages predict that International Paper Co (NYSE:IP) will post $5.72 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for International Paper’s earnings. The highest sales estimate is $5.82 billion and the lowest is $5.58 billion. International Paper reported sales of $5.77 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 0.9%. The firm is expected to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that International Paper will report full year sales of $22.91 billion for the current financial year, with estimates ranging from $22.42 billion to $23.23 billion. For the next financial year, analysts expect that the company will post sales of $23.23 billion per share, with estimates ranging from $22.78 billion to $23.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover International Paper.
International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, April 26th. The basic materials company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.05. The firm had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.48 billion. International Paper had a return on equity of 28.21% and a net margin of 11.57%. International Paper’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share.
Several equities analysts recently issued reports on the company. Stephens set a $66.00 price objective on International Paper and gave the stock a “hold” rating in a report on Wednesday. BMO Capital Markets raised International Paper from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $70.00 in a report on Wednesday. Royal Bank of Canada raised International Paper from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $65.69 to $67.00 in a report on Wednesday. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday. Finally, ValuEngine raised International Paper from a “sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.23.
International Paper traded down $0.38, hitting $58.61, during midday trading on Friday, MarketBeat reports. 3,586,108 shares of the stock were exchanged, compared to its average volume of 2,823,563. The stock has a market cap of $23.68 billion, a PE ratio of 16.79, a P/E/G ratio of 1.19 and a beta of 1.53. International Paper has a fifty-two week low of $50.00 and a fifty-two week high of $66.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.17 and a current ratio of 1.63.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, May 24th. International Paper’s dividend payout ratio is currently 54.44%.
Institutional investors have recently made changes to their positions in the stock. Calton & Associates Inc. bought a new position in shares of International Paper during the fourth quarter valued at approximately $106,000. Wagner Wealth Management LLC bought a new position in shares of International Paper during the fourth quarter valued at approximately $112,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of International Paper during the fourth quarter valued at approximately $112,000. Private Capital Group LLC grew its holdings in shares of International Paper by 227.0% during the first quarter. Private Capital Group LLC now owns 2,093 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new position in shares of International Paper during the first quarter valued at approximately $119,000. 82.08% of the stock is owned by hedge funds and other institutional investors.
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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