International Paper Company (IP) Expected to Post Quarterly Sales of $6.05 Billion
Analysts expect that International Paper Company (NYSE:IP) will report sales of $6.05 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for International Paper’s earnings. The lowest sales estimate is $5.86 billion and the highest is $6.36 billion. International Paper posted sales of $5.38 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 1st.
On average, analysts expect that International Paper will report full year sales of $6.05 billion for the current financial year, with estimates ranging from $23.06 billion to $23.56 billion. For the next year, analysts forecast that the company will post sales of $23.51 billion per share, with estimates ranging from $22.33 billion to $24.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover International Paper.
International Paper (NYSE:IP) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS.
A number of equities research analysts have weighed in on the stock. Credit Suisse Group boosted their target price on shares of International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Royal Bank Of Canada reissued a “buy” rating and set a $65.00 target price on shares of International Paper in a report on Monday, October 23rd. DA Davidson raised shares of International Paper from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.75 to $62.00 in a report on Monday, August 14th. Deutsche Bank AG reissued a “hold” rating and set a $56.00 target price (up from $54.00) on shares of International Paper in a report on Monday, October 9th. Finally, KeyCorp reissued a “hold” rating on shares of International Paper in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. International Paper presently has a consensus rating of “Hold” and a consensus price target of $61.73.
Several large investors have recently bought and sold shares of IP. Quadrant Capital Group LLC boosted its stake in shares of International Paper by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 47 shares during the last quarter. Rational Advisors LLC bought a new stake in shares of International Paper in the 3rd quarter valued at $108,000. Ffcm LLC boosted its stake in shares of International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 1,242 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in shares of International Paper in the 3rd quarter valued at $128,000. Finally, Krilogy Financial LLC boosted its stake in shares of International Paper by 9.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 210 shares during the last quarter. 82.58% of the stock is currently owned by institutional investors.
Shares of International Paper (IP) opened at $54.92 on Friday. The stock has a market cap of $22,678.01, a P/E ratio of 17.95, a P/E/G ratio of 1.65 and a beta of 1.46. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31. International Paper has a 1-year low of $48.49 and a 1-year high of $58.96.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.475 dividend. This is a positive change from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, November 14th. International Paper’s dividend payout ratio is currently 87.56%.
About International Paper
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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