International Paper (IP) Set to Announce Quarterly Earnings on Thursday

International Paper (NYSE:IP) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

International Paper (NYSE:IP) last announced its earnings results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter last year, the business earned $0.87 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts expect International Paper to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

International Paper Stock Down 2.4 %

Shares of NYSE IP opened at $35.06 on Thursday. The company’s 50-day simple moving average is $36.72 and its 200-day simple moving average is $35.84. International Paper has a 52-week low of $29.00 and a 52-week high of $41.28. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 42.76 and a beta of 0.99. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.65.

Insider Activity

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total value of $201,550.00. Following the sale, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at approximately $2,414,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 8,800 shares of company stock valued at $310,438. Company insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On International Paper

A number of institutional investors and hedge funds have recently made changes to their positions in IP. Desjardins Global Asset Management Inc. increased its stake in International Paper by 45.5% during the 1st quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock worth $31,000 after buying an additional 211 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in International Paper during the 4th quarter worth approximately $27,000. Quarry LP increased its stake in International Paper by 992.2% during the 2nd quarter. Quarry LP now owns 1,114 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,012 shares during the period. LM Advisors LLC purchased a new stake in International Paper during the 4th quarter worth approximately $65,000. Finally, Parkside Financial Bank & Trust increased its stake in International Paper by 79.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,930 shares of the basic materials company’s stock worth $90,000 after buying an additional 852 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $42.00 in a research report on Monday, March 4th. StockNews.com lowered shares of International Paper from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. Argus lowered shares of International Paper from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Wells Fargo & Company lowered their price target on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Truist Financial restated a “buy” rating and set a $40.00 price target on shares of International Paper in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.13.

International Paper Company Profile

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.