International Paper (IP) Scheduled to Post Earnings on Thursday

International Paper (NYSE:IPGet Rating) is scheduled to release its earnings data before the market opens on Thursday, April 28th. Analysts expect International Paper to post earnings of $0.54 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

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 analysts’ consensus estimates of $0.87 by ($0.09). International Paper had a net margin of 8.04% and a return on equity of 17.83%. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts expect International Paper to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

International Paper stock opened at $49.41 on Thursday. The stock has a market cap of $18.60 billion, a PE ratio of 11.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.27 and a current ratio of 1.71. International Paper has a fifty-two week low of $40.45 and a fifty-two week high of $65.27. The firm’s 50-day simple moving average is $45.21 and its 200 day simple moving average is $47.56.

Several analysts have commented on the stock. Zacks Investment Research raised shares of International Paper from a “sell” rating to a “hold” rating and set a $49.00 price objective on the stock in a research report on Tuesday, December 28th. StockNews.com assumed coverage on shares of International Paper in a research note on Thursday, March 31st. They issued a “hold” rating for the company. KeyCorp reduced their price objective on shares of International Paper from $44.00 to $41.00 and set an “underweight” rating for the company in a research note on Friday, January 28th. Citigroup reduced their price target on shares of International Paper from $54.00 to $53.00 in a research report on Friday, April 8th. Finally, Bank of America lowered shares of International Paper from a “buy” rating to a “neutral” rating in a research report on Thursday, January 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $56.93.

Institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its stake in International Paper by 0.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 1,964,090 shares of the basic materials company’s stock worth $92,273,000 after purchasing an additional 15,758 shares during the last quarter. Allstate Corp lifted its stake in International Paper by 868.7% in the fourth quarter. Allstate Corp now owns 51,523 shares of the basic materials company’s stock worth $2,421,000 after purchasing an additional 46,204 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of International Paper by 15.9% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 44,256 shares of the basic materials company’s stock valued at $2,079,000 after acquiring an additional 6,064 shares during the last quarter. Vident Investment Advisory LLC raised its stake in shares of International Paper by 54.6% during the fourth quarter. Vident Investment Advisory LLC now owns 30,632 shares of the basic materials company’s stock valued at $1,440,000 after acquiring an additional 10,819 shares during the last quarter. Finally, Toroso Investments LLC raised its stake in shares of International Paper by 42.3% during the fourth quarter. Toroso Investments LLC now owns 22,248 shares of the basic materials company’s stock valued at $1,045,000 after acquiring an additional 6,608 shares during the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for International Paper (NYSE:IP)

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