International Paper (IP) Set to Announce Earnings on Thursday

International Paper (NYSE:IPGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, July 28th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

International Paper (NYSE:IPGet Rating) last issued its earnings results on Thursday, April 28th. The basic materials company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.52 by $0.24. International Paper had a return on equity of 17.16% and a net margin of 8.14%. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter last year, the firm earned $0.76 EPS. The business’s revenue was up 14.0% on a year-over-year basis. On average, analysts expect International Paper to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

International Paper Trading Up 0.8 %

NYSE:IP opened at $42.94 on Thursday. International Paper has a 12-month low of $40.21 and a 12-month high of $60.39. The firm has a market capitalization of $15.91 billion, a P/E ratio of 9.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.31. The business has a 50 day simple moving average of $44.73 and a 200 day simple moving average of $45.86.

International Paper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be given a dividend of $0.4625 per share. The ex-dividend date is Friday, August 12th. This represents a $1.85 dividend on an annualized basis and a yield of 4.31%. International Paper’s dividend payout ratio is currently 40.93%.

Insider Transactions at International Paper

In other news, SVP William Thomas Hamic sold 3,630 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $47.72, for a total transaction of $173,223.60. Following the sale, the senior vice president now directly owns 22,050 shares of the company’s stock, valued at $1,052,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On International Paper

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of International Paper by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,817 shares of the basic materials company’s stock valued at $2,391,000 after buying an additional 3,209 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of International Paper by 4.5% during the first quarter. Raymond James Trust N.A. now owns 8,660 shares of the basic materials company’s stock valued at $399,000 after buying an additional 369 shares in the last quarter. Desjardins Global Asset Management Inc. grew its holdings in shares of International Paper by 45.5% during the first quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. Cibc World Market Inc. purchased a new position in International Paper in the first quarter valued at about $206,000. Finally, Vontobel Holding Ltd. grew its stake in International Paper by 1.6% in the first quarter. Vontobel Holding Ltd. now owns 41,970 shares of the basic materials company’s stock valued at $1,947,000 after purchasing an additional 676 shares in the last quarter. 82.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IP has been the subject of a number of analyst reports. Wells Fargo & Company lowered International Paper from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $58.00 to $47.00 in a research report on Monday. StockNews.com upgraded International Paper from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. KeyCorp cut their target price on International Paper from $41.00 to $37.00 and set an “underweight” rating on the stock in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft cut their target price on International Paper from $48.00 to $44.00 in a research note on Tuesday. Finally, Citigroup downgraded International Paper from a “buy” rating to a “neutral” rating and cut their target price for the company from $53.00 to $46.00 in a research note on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.80.

About International Paper

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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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