Analysts Anticipate International Paper Company (IP) to Post $1.19 EPS

Equities analysts expect that International Paper Company (NYSE:IP) will post earnings of $1.19 per share for the current quarter, Zacks reports. Three analysts have made estimates for International Paper’s earnings, with estimates ranging from $1.17 to $1.23. International Paper posted earnings per share of $0.73 in the same quarter last year, which indicates a positive year-over-year growth rate of 63%. The firm is expected to announce its next earnings report before the market opens 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 fiscal year, with EPS estimates ranging from $3.45 to $3.55. For the next fiscal year, analysts forecast that the firm will post earnings of $4.36 per share, with EPS estimates ranging from $3.72 to $4.90. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow International Paper.

International Paper (NYSE:IP) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business earned $0.91 EPS. International Paper’s quarterly revenue was up 12.3% compared to the same quarter last year.

Several research firms recently issued reports on IP. Deutsche Bank reaffirmed a “hold” rating and issued a $56.00 price objective (up previously from $54.00) on shares of International Paper in a research note on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of International Paper in a research note on Monday, October 23rd. BMO Capital Markets reaffirmed a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. Barclays lifted their price objective on shares of International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a research note on Monday, October 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.73.

A number of institutional investors have recently added to or reduced their stakes in IP. Bessemer Group Inc. lifted its position in International Paper by 4.6% during the 2nd quarter. Bessemer Group Inc. now owns 19,424 shares of the basic materials company’s stock worth $1,099,000 after acquiring an additional 852 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of International Paper by 234.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 270,088 shares of the basic materials company’s stock worth $15,290,000 after purchasing an additional 189,278 shares during the period. Wetherby Asset Management Inc. increased its holdings in shares of International Paper by 2.0% during the 2nd quarter. Wetherby Asset Management Inc. now owns 6,308 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 121 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of International Paper by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,068,155 shares of the basic materials company’s stock worth $117,079,000 after purchasing an additional 72,032 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of International Paper by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 329,988 shares of the basic materials company’s stock worth $18,681,000 after purchasing an additional 11,698 shares during the period. 81.98% of the stock is owned by hedge funds and other institutional investors.

International Paper (NYSE:IP) traded up $1.07 during mid-day trading on Tuesday, hitting $56.25. 4,869,200 shares of the company traded hands, compared to its average volume of 2,328,073. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.97 and a current ratio of 1.48. International Paper has a 1-year low of $49.60 and a 1-year high of $58.96. The firm has a market cap of $23,322.18, a price-to-earnings ratio of 18.46, a PEG ratio of 1.69 and a beta of 1.45.

The company 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 is a positive change from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.90 dividend on an annualized basis and a yield of 3.38%. International Paper’s payout ratio is currently 87.56%.

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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.

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

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