Wall Street brokerages expect that International Paper Co (NYSE:IP) will report $5.13 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for International Paper’s earnings. The lowest sales estimate is $4.82 billion and the highest is $5.32 billion. International Paper reported sales of $5.57 billion during the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The business is expected to announce its next earnings report on Thursday, October 29th.

On average, analysts expect that International Paper will report full year sales of $20.54 billion for the current fiscal year, with estimates ranging from $19.87 billion to $21.38 billion. For the next financial year, analysts forecast that the business will report sales of $20.55 billion, with estimates ranging from $19.63 billion to $21.62 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow International Paper.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.38. The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.97 billion. International Paper had a net margin of 2.98% and a return on equity of 19.18%. International Paper’s revenue was down 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 earnings per share.

A number of brokerages have recently commented on IP. Wells Fargo & Company raised their target price on shares of International Paper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 9th. BofA Securities raised shares of International Paper from a “neutral” rating to a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley began coverage on shares of International Paper in a research note on Monday, June 15th. They issued an “underweight” rating and a $29.00 target price on the stock. KeyCorp reissued a “sell” rating and issued a $31.00 target price on shares of International Paper in a research note on Thursday, July 30th. Finally, Bank of America raised their target price on shares of International Paper from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. International Paper has a consensus rating of “Hold” and an average target price of $42.07.

A number of hedge funds have recently made changes to their positions in IP. Charles Schwab Investment Management Inc. grew its holdings in International Paper by 44.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,143,579 shares of the basic materials company’s stock worth $181,106,000 after acquiring an additional 1,579,459 shares in the last quarter. Levin Easterly Partners LLC acquired a new position in International Paper during the 1st quarter worth $27,136,000. Nordea Investment Management AB grew its holdings in International Paper by 103.1% during the 2nd quarter. Nordea Investment Management AB now owns 1,657,182 shares of the basic materials company’s stock worth $57,206,000 after acquiring an additional 841,136 shares in the last quarter. Prudential PLC grew its holdings in International Paper by 33.8% during the 2nd quarter. Prudential PLC now owns 2,724,427 shares of the basic materials company’s stock worth $95,927,000 after acquiring an additional 688,057 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of International Paper by 21.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,445,479 shares of the basic materials company’s stock valued at $118,938,000 after buying an additional 597,033 shares during the period. 80.97% of the stock is owned by institutional investors.

NYSE:IP opened at $41.16 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.79 and a debt-to-equity ratio of 1.34. The company has a market cap of $16.18 billion, a P/E ratio of 25.73 and a beta of 1.28. International Paper has a fifty-two week low of $26.38 and a fifty-two week high of $47.64. The firm’s 50 day moving average is $37.98 and its two-hundred day moving average is $34.78.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Thursday, August 13th. International Paper’s payout ratio is 46.28%.

International Paper Company Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include 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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