International Paper Company Expected to Post Q2 2017 Earnings of $0.64 Per Share (NYSE:IP)
International Paper Company (NYSE:IP) – Stock analysts at Jefferies Group dropped their Q2 2017 earnings per share estimates for shares of International Paper Company in a research report issued to clients and investors on Friday. Jefferies Group analyst P. Ng now forecasts that the basic materials company will post earnings per share of $0.64 for the quarter, down from their previous estimate of $0.67. Jefferies Group currently has a “Buy” rating and a $66.00 target price on the stock. Jefferies Group also issued estimates for International Paper Company’s Q4 2017 earnings at $1.09 EPS and FY2017 earnings at $3.50 EPS.
International Paper Company (NYSE:IP) last announced its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.44 billion. International Paper Company had a return on equity of 30.44% and a net margin of 3.63%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share.
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Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded International Paper Company from a “buy” rating to a “hold” rating in a report on Friday. Goldman Sachs Group, Inc. (The) upgraded International Paper Company from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $64.00 in a report on Thursday. KeyCorp restated a “hold” rating on shares of International Paper Company in a report on Thursday, June 29th. BidaskClub upgraded International Paper Company from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Finally, Barclays PLC lifted their price objective on International Paper Company from $45.00 to $48.00 and gave the stock an “underweight” rating in a report on Monday, May 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.90.
International Paper Company (NYSE:IP) opened at 58.15 on Monday. International Paper Company has a one year low of $43.55 and a one year high of $58.95. The firm has a market capitalization of $24.01 billion, a P/E ratio of 31.08 and a beta of 1.48. The company has a 50-day moving average price of $54.19 and a 200-day moving average price of $53.16.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, August 11th. International Paper Company’s dividend payout ratio is presently 98.40%.
Several hedge funds have recently bought and sold shares of IP. FNY Partners Fund LP increased its stake in International Paper Company by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,250 shares in the last quarter. Hefty Wealth Partners increased its stake in International Paper Company by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock worth $160,000 after buying an additional 3,098 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in International Paper Company during the first quarter worth approximately $172,000. Parallel Advisors LLC increased its stake in International Paper Company by 24.8% in the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock worth $182,000 after buying an additional 680 shares in the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in International Paper Company by 9.0% in the first quarter. Duncker Streett & Co. Inc. now owns 3,630 shares of the basic materials company’s stock worth $184,000 after buying an additional 300 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.
International Paper Company 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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