$5.58 Billion in Sales Expected for International Paper (NYSE:IP) This Quarter

Brokerages expect International Paper (NYSE:IP) to report sales of $5.58 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for International Paper’s earnings, with estimates ranging from $5.54 billion to $5.63 billion. International Paper posted sales of $4.87 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 14.6%. The company is scheduled to report its next earnings report on Thursday, July 29th.

On average, analysts expect that International Paper will report full-year sales of $22.38 billion for the current fiscal year, with estimates ranging from $21.84 billion to $22.70 billion. For the next financial year, analysts expect that the company will post sales of $23.04 billion, with estimates ranging from $22.30 billion to $23.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover International Paper.

International Paper (NYSE:IP) last released its earnings results on Thursday, April 29th. The basic materials company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.17. International Paper had a return on equity of 17.27% and a net margin of 2.37%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year.

IP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on International Paper from $49.00 to $58.00 in a research report on Monday, April 19th. Seaport Global Securities upgraded International Paper from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Friday, February 5th. Zacks Investment Research upgraded International Paper from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, May 11th. KeyCorp raised their price objective on International Paper from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Thursday, May 6th. Finally, Morgan Stanley raised their price objective on International Paper from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.67.

In other International Paper news, SVP Gregory T. Wanta sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $54.58, for a total transaction of $409,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP W. Michael Jr. Amick sold 18,222 shares of the firm’s stock in a transaction that occurred on Thursday, February 18th. The shares were sold at an average price of $48.03, for a total value of $875,202.66. 0.37% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Profund Advisors LLC grew its stake in International Paper by 8.6% during the 1st quarter. Profund Advisors LLC now owns 5,180 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 412 shares in the last quarter. MML Investors Services LLC lifted its holdings in International Paper by 9.1% during the 1st quarter. MML Investors Services LLC now owns 46,730 shares of the basic materials company’s stock worth $2,527,000 after buying an additional 3,891 shares during the last quarter. Stephens Inc. AR lifted its holdings in International Paper by 6.7% during the 1st quarter. Stephens Inc. AR now owns 50,508 shares of the basic materials company’s stock worth $2,731,000 after buying an additional 3,193 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in International Paper by 6.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,241 shares of the basic materials company’s stock worth $337,000 after buying an additional 391 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in International Paper by 16.2% during the 1st quarter. Pinebridge Investments L.P. now owns 330,257 shares of the basic materials company’s stock worth $17,857,000 after buying an additional 46,106 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

NYSE IP traded up $0.13 during trading hours on Thursday, hitting $62.65. 1,495,839 shares of the company’s stock were exchanged, compared to its average volume of 2,978,220. The business’s 50 day moving average is $57.12 and its 200-day moving average is $51.68. International Paper has a 12-month low of $30.43 and a 12-month high of $63.12. The firm has a market capitalization of $24.54 billion, a P/E ratio of 50.12 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.09 and a current ratio of 1.33.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Thursday, May 27th will be paid a $0.5125 dividend. The ex-dividend date of this dividend is Wednesday, May 26th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 3.27%. International Paper’s dividend payout ratio (DPR) is currently 46.28%.

International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. 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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