Wall Street analysts expect that International Paper Co (NYSE:IP) will report $1.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for International Paper’s earnings, with the highest EPS estimate coming in at $1.57 and the lowest estimate coming in at $1.43. International Paper reported earnings of $1.08 per share in the same quarter last year, which would indicate a positive year over year growth rate of 38%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, October 25th.

On average, analysts expect that International Paper will report full-year earnings of $5.13 per share for the current fiscal year, with EPS estimates ranging from $4.99 to $5.25. For the next fiscal year, analysts expect that the business will report earnings of $5.72 per share, with EPS estimates ranging from $5.15 to $6.02. Zacks’ EPS averages are an average based on a survey of analysts that follow International Paper.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.10. International Paper had a net margin of 12.95% and a return on equity of 29.24%. The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. International Paper’s revenue for the quarter was up 8.4% on a year-over-year basis.

Several equities analysts have issued reports on IP shares. Goldman Sachs Group downgraded shares of International Paper from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Wednesday, October 10th. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, August 1st. ValuEngine downgraded shares of International Paper from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 3rd. Citigroup decreased their target price on shares of International Paper from $67.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. Finally, Stephens set a $57.00 target price on shares of International Paper and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. International Paper has a consensus rating of “Hold” and an average target price of $61.50.

In related news, SVP John V. Sims sold 4,725 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $54.35, for a total value of $256,803.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sharon R. Ryan sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $52.87, for a total transaction of $793,050.00. The disclosure for this sale can be found here. Insiders have sold 46,725 shares of company stock valued at $2,484,864 in the last quarter. Insiders own 0.32% of the company’s stock.

A number of large investors have recently made changes to their positions in IP. Federated Investors Inc. PA lifted its position in International Paper by 109.4% in the first quarter. Federated Investors Inc. PA now owns 7,768 shares of the basic materials company’s stock valued at $415,000 after purchasing an additional 4,058 shares during the period. Nuveen Asset Management LLC lifted its position in International Paper by 8.9% in the first quarter. Nuveen Asset Management LLC now owns 33,161 shares of the basic materials company’s stock valued at $1,772,000 after purchasing an additional 2,700 shares during the period. Natixis lifted its position in International Paper by 238.9% in the first quarter. Natixis now owns 59,898 shares of the basic materials company’s stock valued at $3,200,000 after purchasing an additional 42,226 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in International Paper by 5.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 63,659 shares of the basic materials company’s stock valued at $3,398,000 after purchasing an additional 3,261 shares during the period. Finally, LPL Financial LLC increased its holdings in International Paper by 9.4% in the first quarter. LPL Financial LLC now owns 141,801 shares of the basic materials company’s stock valued at $7,576,000 after buying an additional 12,128 shares in the last quarter. Hedge funds and other institutional investors own 81.78% of the company’s stock.

NYSE IP opened at $42.06 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.57 and a quick ratio of 1.13. International Paper has a 1 year low of $41.67 and a 1 year high of $66.94. The firm has a market capitalization of $17.66 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.89 and a beta of 1.54.

International Paper announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 9th that allows the company to buyback $430.00 million in shares. This buyback authorization allows the basic materials company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.50 per share. This is an increase from International Paper’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.76%. International Paper’s dividend payout ratio is 54.44%.

About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including 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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