Brokerages Expect International Paper Co (IP) to Announce $1.63 Earnings Per Share

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Wall Street analysts predict that International Paper Co (NYSE:IP) will post $1.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for International Paper’s earnings, with estimates ranging from $1.53 to $1.68. International Paper posted earnings per share of $1.27 during the same quarter last year, which indicates a positive year over year growth rate of 28.3%. The business is expected to report its next earnings results on Thursday, February 7th.

On average, analysts expect that International Paper will report full year earnings of $5.31 per share for the current financial year, with EPS estimates ranging from $5.22 to $5.36. For the next financial year, analysts expect that the company will report earnings of $5.73 per share, with EPS estimates ranging from $5.34 to $5.99. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover International Paper.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, October 25th. The basic materials company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.47 by $0.09. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.90 billion. International Paper had a return on equity of 29.75% and a net margin of 13.68%.

IP has been the subject of a number of recent research reports. Citigroup reissued a “buy” rating and issued a $65.00 target price (down from $71.00) on shares of International Paper in a report on Monday, July 23rd. ValuEngine raised International Paper from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. BMO Capital Markets dropped their target price on International Paper from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, July 27th. Barclays dropped their target price on International Paper from $55.00 to $52.00 and set an “underweight” rating for the company in a report on Monday, July 30th. Finally, Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. International Paper currently has an average rating of “Hold” and a consensus target price of $58.64.

In other International Paper news, SVP John V. Sims sold 4,725 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $54.35, for a total value of $256,803.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy S. Nicholls sold 17,000 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $52.53, for a total value of $893,010.00. Following the completion of the transaction, the insider now owns 108,538 shares in the company, valued at $5,701,501.14. The disclosure for this sale can be found here. Insiders have sold a total of 31,725 shares of company stock valued at $1,691,814 over the last ninety days. Insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in IP. Miller Howard Investments Inc. NY bought a new position in shares of International Paper in the 2nd quarter worth $53,831,000. Levin Capital Strategies L.P. boosted its position in shares of International Paper by 66.4% in the 2nd quarter. Levin Capital Strategies L.P. now owns 1,867,499 shares of the basic materials company’s stock worth $97,259,000 after purchasing an additional 745,170 shares during the last quarter. Conning Inc. boosted its position in shares of International Paper by 4,805.7% in the 3rd quarter. Conning Inc. now owns 733,935 shares of the basic materials company’s stock worth $36,073,000 after purchasing an additional 718,974 shares during the last quarter. LSV Asset Management boosted its position in shares of International Paper by 10.3% in the 3rd quarter. LSV Asset Management now owns 4,723,998 shares of the basic materials company’s stock worth $232,184,000 after purchasing an additional 439,685 shares during the last quarter. Finally, Becker Capital Management Inc. bought a new position in shares of International Paper in the 3rd quarter worth $19,717,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.

International Paper stock traded down $0.77 during trading hours on Friday, hitting $46.22. The stock had a trading volume of 3,718,370 shares, compared to its average volume of 4,800,519. International Paper has a fifty-two week low of $39.60 and a fifty-two week high of $66.94. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 1.52. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.94 and a beta of 1.53.

International Paper announced that its board has authorized a share buyback plan on Tuesday, October 9th that allows the company to buyback $430.00 million in shares. This buyback authorization allows the basic materials company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.33%. This is a boost from International Paper’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, November 14th. International Paper’s dividend payout ratio (DPR) is currently 54.44%.

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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