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

On average, analysts expect that International Paper will report full year sales of $5.94 billion for the current year, with estimates ranging from $23.06 billion to $23.58 billion. For the next fiscal year, analysts anticipate that the business will report sales of $22.93 billion per share, with estimates ranging from $21.87 billion to $24.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover International Paper.

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

Several brokerages have recently commented on IP. Stephens set a $66.00 target price on International Paper and gave the company a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co restated an “outperform” rating and issued a $70.00 target price (up from $65.00) on shares of International Paper in a research note on Monday, January 8th. KeyCorp restated a “hold” rating on shares of International Paper in a research note on Tuesday, January 2nd. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets restated a “buy” rating and issued a $62.00 target price on shares of International Paper in a research note on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $63.25.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in International Paper by 9.9% in the 2nd quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock valued at $20,356,000 after acquiring an additional 32,461 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of International Paper by 16.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 59,568 shares of the basic materials company’s stock worth $3,385,000 after buying an additional 8,505 shares in the last quarter. Fox Run Management L.L.C. lifted its position in shares of International Paper by 22.1% during the 3rd quarter. Fox Run Management L.L.C. now owns 17,100 shares of the basic materials company’s stock worth $972,000 after buying an additional 3,100 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of International Paper by 19.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 136,023 shares of the basic materials company’s stock worth $7,729,000 after buying an additional 22,029 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of International Paper by 0.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,888,438 shares of the basic materials company’s stock worth $107,301,000 after buying an additional 14,298 shares in the last quarter. 81.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Paper (IP) opened at $61.23 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97. The company has a market capitalization of $25,280.00, a PE ratio of 28.22, a PEG ratio of 1.46 and a beta of 1.47. International Paper has a 12 month low of $49.60 and a 12 month high of $62.44.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be given a $0.475 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 annualized dividend and a yield of 3.10%. 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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