International Paper Company (NYSE:IP) – KeyCorp boosted their Q4 2017 earnings estimates for shares of International Paper in a research report issued to clients and investors on Monday. KeyCorp analyst A. Josephson now forecasts that the basic materials company will post earnings per share of $1.18 for the quarter, up from their previous forecast of $1.08. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for International Paper’s FY2018 earnings at $3.72 EPS.

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

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Other research analysts have also issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 target price (up from $65.00) on shares of International Paper in a research report on Friday, July 14th. Barclays PLC raised their target price on International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Monday. BidaskClub lowered International Paper from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered International Paper from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, DA Davidson raised International Paper from a “neutral” rating to a “buy” rating and raised their target price for the stock from $53.75 to $62.00 in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.73.

Shares of International Paper (NYSE IP) opened at 57.19 on Tuesday. International Paper has a 12-month low of $43.55 and a 12-month high of $58.96. The company has a market cap of $23.61 billion, a P/E ratio of 29.05 and a beta of 1.46. The company has a 50-day moving average price of $57.24 and a 200-day moving average price of $55.21.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.32%. 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. International Paper’s payout ratio is presently 85.25%.

Institutional investors have recently modified their holdings of the stock. FNY Partners Fund LP increased its position in International Paper by 166.7% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,250 shares in the last quarter. Quadrant Capital Group LLC increased its position in International Paper by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after buying an additional 47 shares in the last quarter. Ffcm LLC increased its position in International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after buying an additional 1,242 shares in the last quarter. Asset Advisors Corp increased its position in International Paper by 3.6% in the 2nd quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after buying an additional 84 shares in the last quarter. Finally, Krilogy Financial LLC increased its position in International Paper by 9.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after buying an additional 210 shares in the last quarter. 83.06% of the stock is owned by institutional investors and hedge funds.

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.

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

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