Wall Street brokerages expect International Paper Co (NYSE:IP) to announce $5.76 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for International Paper’s earnings, with the lowest sales estimate coming in at $5.64 billion and the highest estimate coming in at $5.94 billion. International Paper reported sales of $5.62 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The business is expected to report its next earnings report before the market opens on Thursday, April 25th.

According to Zacks, analysts expect that International Paper will report full-year sales of $23.75 billion for the current fiscal year, with estimates ranging from $23.03 billion to $24.18 billion. For the next fiscal year, analysts forecast that the company will post sales of $23.76 billion, with estimates ranging from $22.98 billion to $24.40 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for International Paper.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.04. International Paper had a net margin of 8.63% and a return on equity of 30.83%. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.86 billion.

IP has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of International Paper from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Stephens raised shares of International Paper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $50.00 to $60.00 in a research note on Wednesday, January 23rd. Citigroup reissued a “buy” rating and issued a $53.00 price target on shares of International Paper in a research note on Friday, February 1st. Royal Bank of Canada reissued a “buy” rating and issued a $49.00 price target on shares of International Paper in a research note on Tuesday, January 8th. Finally, Deutsche Bank dropped their price target on shares of International Paper from $55.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.82.

In other International Paper news, insider Jeanmichel Ribieras sold 10,000 shares of International Paper stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $47.15, for a total transaction of $471,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timothy S. Nicholls sold 45,000 shares of International Paper stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $46.67, for a total transaction of $2,100,150.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,760 shares of company stock worth $4,016,587. 0.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. American Trust Investment Advisors LLC boosted its stake in International Paper by 59.2% during the 4th quarter. American Trust Investment Advisors LLC now owns 60,850 shares of the basic materials company’s stock worth $2,456,000 after purchasing an additional 22,635 shares during the last quarter. Webster Bank N. A. raised its holdings in shares of International Paper by 64.6% during the 4th quarter. Webster Bank N. A. now owns 7,645 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 3,000 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of International Paper by 58.6% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 22,680 shares of the basic materials company’s stock worth $915,000 after acquiring an additional 8,380 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of International Paper by 2,240.1% during the 4th quarter. Meeder Asset Management Inc. now owns 63,534 shares of the basic materials company’s stock worth $2,565,000 after acquiring an additional 60,819 shares during the period. Finally, Exane Derivatives purchased a new position in shares of International Paper during the 4th quarter worth $3,218,000. 81.58% of the stock is currently owned by institutional investors.

International Paper stock opened at $46.27 on Friday. International Paper has a 1 year low of $37.55 and a 1 year high of $59.57. The firm has a market capitalization of $18.41 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.92 and a beta of 1.57. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.49.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, February 20th. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. International Paper’s dividend payout ratio is currently 37.59%.

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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