Equities analysts predict that International Paper Company (NYSE:IP) will report earnings per share (EPS) of $1.19 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for International Paper’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.23. International Paper reported earnings per share of $0.73 during the same quarter last year, which indicates a positive year over year growth rate of 63%. The company is scheduled 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 financial year, with EPS estimates ranging from $3.45 to $3.55. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.36 per share, with EPS estimates ranging from $3.72 to $4.90. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow International Paper.

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

A number of equities analysts recently weighed in on IP shares. Stephens started coverage on shares of International Paper in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 price objective for the company. Zacks Investment Research lowered shares of International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. KeyCorp restated a “hold” rating on shares of International Paper in a report on Thursday, October 12th. BMO Capital Markets restated a “buy” rating and issued a $62.00 price objective on shares of International Paper in a report on Friday, November 24th. Finally, ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. One equities research 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. International Paper currently has a consensus rating of “Hold” and an average price target of $61.73.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of International Paper by 4.4% during the 2nd quarter. BlackRock Inc. now owns 38,831,623 shares of the basic materials company’s stock valued at $2,198,257,000 after acquiring an additional 1,648,915 shares during the period. Vanguard Group Inc. grew its position in shares of International Paper by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 29,065,508 shares of the basic materials company’s stock valued at $1,645,398,000 after acquiring an additional 184,066 shares during the period. Bank of New York Mellon Corp grew its position in shares of International Paper by 13.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,226,283 shares of the basic materials company’s stock valued at $409,080,000 after acquiring an additional 836,888 shares during the period. Iridian Asset Management LLC CT grew its position in shares of International Paper by 20.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 6,432,080 shares of the basic materials company’s stock valued at $365,471,000 after acquiring an additional 1,090,030 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of International Paper by 18.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,335,943 shares of the basic materials company’s stock valued at $359,118,000 after acquiring an additional 966,103 shares during the period. 81.98% of the stock is owned by hedge funds and other institutional investors.

Shares of International Paper (IP) traded up $0.41 during midday trading on Tuesday, reaching $57.32. 2,633,300 shares of the company were exchanged, compared to its average volume of 2,319,819. International Paper has a 52 week low of $49.60 and a 52 week high of $58.96. The stock has a market cap of $23,499.74, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.71 and a beta of 1.45. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.97 and a current ratio of 1.48.

The business 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 $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Tuesday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.46. International Paper’s payout ratio is 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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