Zacks: Analysts Anticipate International Paper Co (IP) to Announce $1.63 Earnings Per Share

Equities research analysts predict that International Paper Co (NYSE:IP) will announce $1.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for International Paper’s earnings. The lowest EPS estimate is $1.53 and the highest is $1.68. International Paper reported earnings per share of $1.27 during the same quarter last year, which indicates a positive year over year growth rate of 28.3%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that International Paper will report full-year earnings of $5.31 per share for the current financial year, with EPS estimates ranging from $5.22 to $5.36. For the next financial year, analysts forecast that the business will post earnings of $5.73 per share, with EPS estimates ranging from $5.34 to $5.99. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for International Paper.

International Paper (NYSE:IP) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.09. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.90 billion. International Paper had a net margin of 13.68% and a return on equity of 29.75%.

Several research analysts have recently weighed in on IP shares. ValuEngine cut shares of International Paper from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research cut shares of International Paper from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. Goldman Sachs Group cut shares of International Paper from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research report on Wednesday, October 10th. Stephens set a $57.00 price target on shares of International Paper and gave the company a “hold” rating in a research report on Tuesday, September 11th. Finally, Seaport Global Securities started coverage on shares of International Paper in a research report on Tuesday, October 23rd. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. International Paper has a consensus rating of “Hold” and an average price target of $58.64.

In other International Paper news, SVP John V. Sims sold 4,725 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $54.35, for a total transaction of $256,803.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy S. Nicholls sold 17,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $52.53, for a total transaction of $893,010.00. Following the sale, the insider now owns 108,538 shares in the company, valued at $5,701,501.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,725 shares of company stock worth $1,691,814. 0.32% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the business. Qube Research & Technologies Ltd purchased a new stake in shares of International Paper during the second quarter worth approximately $106,000. Girard Partners LTD. purchased a new stake in shares of International Paper during the third quarter worth approximately $109,000. Squar Milner Financial Services LLC purchased a new stake in shares of International Paper during the second quarter worth approximately $125,000. Meeder Asset Management Inc. purchased a new stake in shares of International Paper during the third quarter worth approximately $133,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of International Paper during the second quarter worth approximately $139,000. Institutional investors own 82.24% of the company’s stock.

Shares of IP stock traded down $0.77 on Friday, hitting $46.22. 3,718,370 shares of the stock traded hands, compared to its average volume of 4,800,519. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 1.52. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.94 and a beta of 1.53. International Paper has a twelve month low of $39.60 and a twelve month high of $66.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be issued a $0.50 dividend. This is a positive change from International Paper’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 4.33%. The ex-dividend date is Wednesday, November 14th. International Paper’s payout ratio is 54.44%.

International Paper announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 9th that authorizes the company to repurchase $430.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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

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