Brokerages Anticipate International Paper Co (IP) to Post $0.91 EPS

Equities analysts predict that International Paper Co (NYSE:IP) will report $0.91 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for International Paper’s earnings, with the lowest EPS estimate coming in at $0.89 and the highest estimate coming in at $0.94. International Paper reported earnings per share of $0.60 during the same quarter last year, which suggests a positive year-over-year growth rate of 51.7%. The business is scheduled to announce its next earnings results on Thursday, April 26th.

On average, analysts expect that International Paper will report full-year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.57 to $5.10. For the next year, analysts forecast that the firm will report earnings of $5.36 per share, with EPS estimates ranging from $4.66 to $6.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover International Paper.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.08. The business had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $6.01 billion. International Paper had a return on equity of 29.53% and a net margin of 9.36%. International Paper’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share.

IP has been the subject of a number of recent research reports. Credit Suisse Group increased their price objective on International Paper from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, October 27th. ValuEngine downgraded International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Tuesday, January 2nd. Wells Fargo & Co reiterated an “outperform” rating and set a $70.00 price target (up from $65.00) on shares of International Paper in a report on Monday, January 8th. Finally, KeyCorp reiterated a “hold” rating on shares of International Paper in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.00.

International Paper (NYSE:IP) traded up $1.19 during midday trading on Friday, reaching $59.50. The company had a trading volume of 2,234,047 shares, compared to its average volume of 2,770,000. The firm has a market capitalization of $24,570.00, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.28 and a beta of 1.50. International Paper has a 1-year low of $49.60 and a 1-year high of $66.94. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 1.75.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.19%. International Paper’s payout ratio is currently 87.16%.

Several hedge funds have recently added to or reduced their stakes in the company. Green Square Capital LLC boosted its position in shares of International Paper by 24.1% during the 4th quarter. Green Square Capital LLC now owns 147,999 shares of the basic materials company’s stock worth $8,575,000 after purchasing an additional 28,774 shares in the last quarter. Elkfork Partners LLC bought a new position in shares of International Paper during the 4th quarter worth about $729,000. Wagner Wealth Management LLC bought a new position in shares of International Paper during the 4th quarter worth about $112,000. KCM Investment Advisors LLC boosted its position in shares of International Paper by 26.1% during the 4th quarter. KCM Investment Advisors LLC now owns 6,769 shares of the basic materials company’s stock worth $392,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in shares of International Paper by 6.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 71,366 shares of the basic materials company’s stock worth $4,135,000 after purchasing an additional 4,573 shares in the last quarter. 80.61% of the stock is currently owned by institutional investors.

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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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