International Paper (IP) Set to Announce Quarterly Earnings on Thursday

International Paper (NYSE:IP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same period in the prior year, the company earned $0.87 EPS. International Paper’s revenue was down 10.4% on a year-over-year basis. On average, analysts expect International Paper to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

International Paper Price Performance

Shares of NYSE IP opened at $35.06 on Thursday. International Paper has a twelve month low of $29.00 and a twelve month high of $41.28. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 42.76 and a beta of 0.99. The firm has a 50-day moving average of $36.72 and a two-hundred day moving average of $35.84.

Insider Transactions at International Paper

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total value of $201,550.00. Following the completion of the sale, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at $2,414,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 8,800 shares of company stock valued at $310,438 over the last three months. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of International Paper

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in International Paper in the fourth quarter worth approximately $83,530,000. BlackRock Inc. increased its holdings in International Paper by 4.0% in the first quarter. BlackRock Inc. now owns 36,929,748 shares of the basic materials company’s stock worth $1,331,687,000 after buying an additional 1,436,757 shares during the last quarter. Cowa LLC increased its holdings in International Paper by 13,649.1% in the first quarter. Cowa LLC now owns 1,002,172 shares of the basic materials company’s stock worth $463,000 after buying an additional 994,883 shares during the last quarter. First Trust Advisors LP increased its holdings in International Paper by 117.6% in the first quarter. First Trust Advisors LP now owns 1,591,552 shares of the basic materials company’s stock worth $73,450,000 after buying an additional 860,180 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in International Paper in the fourth quarter worth approximately $25,614,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IP. Wells Fargo & Company cut their price target on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective on shares of International Paper in a research note on Friday, February 2nd. Truist Financial reaffirmed a “buy” rating and set a $40.00 price objective on shares of International Paper in a research note on Wednesday. StockNews.com lowered shares of International Paper from a “buy” rating to a “hold” rating in a research note on Sunday, January 14th. Finally, Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $46.00 in a research note on Wednesday, March 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, International Paper has an average rating of “Hold” and a consensus target price of $37.13.

International Paper Company Profile

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.