Brokerages expect International Paper Company (NYSE:IP) to post sales of $5.94 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for International Paper’s earnings. The lowest sales estimate is $5.86 billion and the highest is $6.08 billion. International Paper reported sales of $5.38 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.4%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that International Paper will report full year sales of $5.94 billion for the current fiscal year, with estimates ranging from $23.06 billion to $23.58 billion. For the next year, analysts forecast that the business will report sales of $23.14 billion per share, with estimates ranging from $22.33 billion to $24.86 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for International Paper.

International Paper (NYSE:IP) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.00% and a return on equity of 27.56%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS.

Several equities analysts have issued reports on the stock. BMO Capital Markets reissued a “buy” rating and issued a $62.00 price objective on shares of International Paper in a research note on Friday, November 24th. ValuEngine cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays upped their price target on shares of International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a research note on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Monday, October 30th. Finally, Credit Suisse Group increased their price objective on shares of International Paper from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. International Paper presently has an average rating of “Hold” and a consensus target price of $61.73.

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in International Paper by 2.4% in the second 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 during the period. Rational Advisors LLC purchased a new position in International Paper in the third quarter valued at approximately $108,000. Ffcm LLC raised its holdings in International Paper by 148.0% in the second 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 during the period. Amica Retiree Medical Trust purchased a new position in International Paper in the third quarter valued at approximately $128,000. Finally, Krilogy Financial LLC raised its holdings in International Paper by 9.3% in the second 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 during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.

International Paper (IP) traded down $0.15 during mid-day trading on Thursday, reaching $56.48. 1,592,300 shares of the company traded hands, compared to its average volume of 2,317,881. International Paper has a 1 year low of $49.60 and a 1 year high of $58.96. The stock has a market cap of $23,320.00, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.70 and a beta of 1.46. 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.36%. This is a positive change from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, November 14th. International Paper’s dividend 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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