Equities research analysts expect International Paper Co (NYSE:IP) to post sales of $5.86 billion for the current quarter, Zacks reports. Five analysts have made estimates for International Paper’s earnings, with the highest sales estimate coming in at $6.06 billion and the lowest estimate coming in at $5.59 billion. International Paper posted sales of $5.71 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that International Paper will report full-year sales of $23.22 billion for the current year, with estimates ranging from $22.95 billion to $23.41 billion. For the next financial year, analysts expect that the company will post sales of $23.64 billion, with estimates ranging from $22.95 billion to $24.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover International Paper.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, October 25th. The basic materials company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. International Paper had a net margin of 13.68% and a return on equity of 29.75%. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.90 billion.

Several equities analysts have commented on the company. Zacks Investment Research lowered International Paper from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. Stephens set a $57.00 target price on International Paper and gave the stock a “hold” rating in a report on Tuesday, September 11th. ValuEngine lowered International Paper from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 3rd. BMO Capital Markets lowered International Paper from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $66.00 to $51.00 in a report on Tuesday, October 9th. Finally, Deutsche Bank set a $55.00 price target on International Paper and gave the stock a “hold” rating in a research report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. International Paper has an average rating of “Hold” and a consensus target price of $58.21.

IP stock traded down $0.36 on Wednesday, reaching $44.76. The company’s stock had a trading volume of 3,211,392 shares, compared to its average volume of 3,255,559. International Paper has a 12-month low of $39.60 and a 12-month high of $66.94. The firm has a market capitalization of $18.27 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.89 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 1.52.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.48. International Paper’s dividend payout ratio (DPR) is 57.31%.

International Paper declared that its board has authorized a stock repurchase plan on Tuesday, October 9th that permits the company to repurchase $430.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In related news, insider Jeanmichel Ribieras sold 10,000 shares of International Paper stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $54.20, for a total transaction of $542,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John V. Sims sold 4,725 shares of International Paper stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $54.35, for a total value of $256,803.75. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new position in International Paper during the 2nd quarter worth approximately $106,000. Girard Partners LTD. acquired a new stake in shares of International Paper in the 3rd quarter worth approximately $109,000. Flagship Harbor Advisors LLC acquired a new stake in shares of International Paper in the 2nd quarter worth approximately $139,000. Meeder Asset Management Inc. acquired a new stake in shares of International Paper in the 3rd quarter worth approximately $133,000. Finally, Diamant Asset Management Inc. acquired a new stake in shares of International Paper in the 3rd quarter worth approximately $140,000. Hedge funds and other institutional investors own 81.00% of the company’s stock.

About International Paper

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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Earnings History and Estimates for International Paper (NYSE:IP)

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