Analysts expect International Paper Co (NYSE:IP) to announce $5.76 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for International Paper’s earnings, with the highest sales estimate coming in at $5.94 billion and the lowest estimate coming in at $5.64 billion. International Paper posted sales of $5.62 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is expected to report its next quarterly earnings results 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 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 calculations are a mean average based on a survey of research firms that that provide coverage for International Paper.

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

Several equities research analysts have recently issued reports on the company. Wells Fargo & Co cut International Paper from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 9th. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, December 19th. Deutsche Bank reduced their price objective on International Paper from $55.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, January 17th. Royal Bank of Canada boosted their price objective on International Paper to $54.00 and gave the stock an “outperform” rating in a research note on Friday, February 1st. Finally, Citigroup reissued a “buy” rating and set a $53.00 price objective on shares of International Paper in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $54.58.

In other International Paper news, insider Jeanmichel Ribieras sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $47.15, for a total transaction of $471,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory T. Wanta sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.72, for a total value of $429,480.00. The disclosure for this sale can be found here. Insiders have sold 85,760 shares of company stock worth $4,016,587 over the last three months. 0.32% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in IP. Bremer Trust National Association purchased a new position in shares of International Paper during the fourth quarter valued at approximately $25,000. Baldwin Brothers Inc. MA purchased a new position in shares of International Paper during the fourth quarter valued at approximately $26,000. CWM LLC boosted its position in shares of International Paper by 81.2% during the fourth quarter. CWM LLC now owns 743 shares of the basic materials company’s stock valued at $30,000 after buying an additional 333 shares during the period. Proficio Capital Partners LLC boosted its position in shares of International Paper by 94.6% during the fourth quarter. Proficio Capital Partners LLC now owns 798 shares of the basic materials company’s stock valued at $32,000 after buying an additional 388 shares during the period. Finally, Lindbrook Capital LLC purchased a new position in shares of International Paper during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 79.60% of the company’s stock.

Shares of IP stock traded down $0.35 during trading hours on Thursday, hitting $46.96. The stock had a trading volume of 2,800,431 shares, compared to its average volume of 2,893,017. International Paper has a one year low of $37.55 and a one year high of $59.57. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.95 and a beta of 1.57.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 20th. This represents a $2.00 annualized dividend and a yield of 4.26%. International Paper’s 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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