$0.52 Earnings Per Share Expected for International Paper (NYSE:IP) This Quarter

Equities analysts forecast that International Paper (NYSE:IPGet Rating) will announce $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for International Paper’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.60. International Paper posted earnings per share of $0.76 in the same quarter last year, which indicates a negative year-over-year growth rate of 31.6%. The company is expected to announce its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that International Paper will report full year earnings of $4.47 per share for the current year, with EPS estimates ranging from $3.77 to $5.00. For the next fiscal year, analysts expect that the firm will report earnings of $4.81 per share, with EPS estimates ranging from $3.92 to $5.35. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for International Paper.

International Paper (NYSE:IPGet Rating) last issued its quarterly earnings data on Thursday, January 27th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.09). International Paper had a net margin of 8.04% and a return on equity of 17.83%. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year.

Several brokerages have recently issued reports on IP. Bank of America downgraded International Paper from a “buy” rating to a “neutral” rating in a research report on Thursday, January 20th. Wells Fargo & Company dropped their target price on International Paper from $78.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, January 12th. Seaport Res Ptn lowered International Paper from a “buy” rating to a “neutral” rating in a research note on Friday, January 28th. StockNews.com began coverage on International Paper in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, KeyCorp dropped their target price on International Paper from $44.00 to $41.00 and set an “underweight” rating for the company in a research note on Friday, January 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, International Paper has a consensus rating of “Hold” and an average target price of $57.64.

Shares of NYSE:IP traded up $0.38 on Monday, hitting $47.43. The company had a trading volume of 1,644,404 shares, compared to its average volume of 2,764,327. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.59. International Paper has a 52-week low of $40.45 and a 52-week high of $65.27. The business has a 50 day moving average of $45.12 and a 200 day moving average of $47.71. The company has a market cap of $17.85 billion, a PE ratio of 10.66 and a beta of 0.98.

Several hedge funds have recently bought and sold shares of the company. James Reed Financial Services Inc. purchased a new position in International Paper in the fourth quarter valued at about $52,000. D Orazio & Associates Inc. purchased a new position in International Paper in the third quarter valued at about $25,000. TCI Wealth Advisors Inc. boosted its holdings in International Paper by 211.3% in the third quarter. TCI Wealth Advisors Inc. now owns 467 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Ten Capital Wealth Advisors LLC purchased a new position in International Paper in the third quarter valued at about $34,000. Finally, Bivin & Associates Inc. purchased a new position in International Paper in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

International Paper Company Profile (Get Rating)

International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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