International Paper (IP) Set to Announce Earnings on Thursday
International Paper (NYSE:IP) is scheduled to post its Q213 quarterly earnings results on Thursday, October 24th. Analysts expect International Paper to post earnings of $0.97 per share and revenue of $7.48 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.57. The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts expect International Paper to post $3.21 EPS for the current fiscal year and $4.40 EPS for the next fiscal year.
Shares of International Paper (NYSE:IP) opened at 44.54 on Wednesday. International Paper has a 1-year low of $32.95 and a 1-year high of $50.33. The stock has a 50-day moving average of $48.00 and a 200-day moving average of $46.68. The company has a market cap of $19.863 billion and a price-to-earnings ratio of 18.78.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from International Paper’s previous quarterly dividend of $0.30.
A number of analysts have recently weighed in on IP shares. Analysts at Barclays cut their price target on shares of International Paper from $58.00 to $55.00 in a research note to investors on Monday, October 14th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of International Paper in a research note to investors on Thursday, October 10th. They now have a $55.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of International Paper from $58.00 to $56.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.70.
International Paper Company (NYSE:IP) is a global paper and packaging company, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.
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