$5.11 Billion in Sales Expected for International Paper Co (NYSE:IP) This Quarter

Equities research analysts expect International Paper Co (NYSE:IP) to post sales of $5.11 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for International Paper’s earnings, with the lowest sales estimate coming in at $5.03 billion and the highest estimate coming in at $5.18 billion. International Paper posted sales of $5.67 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.9%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, July 30th.

According to Zacks, analysts expect that International Paper will report full year sales of $20.91 billion for the current year, with estimates ranging from $20.51 billion to $21.38 billion. For the next fiscal year, analysts expect that the company will report sales of $20.83 billion, with estimates ranging from $20.37 billion to $21.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for International Paper.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. International Paper had a net margin of 2.99% and a return on equity of 20.98%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the prior year, the company posted $1.11 earnings per share. International Paper’s revenue for the quarter was down 5.2% compared to the same quarter last year.

Several research firms have recently weighed in on IP. Wells Fargo & Co increased their price objective on shares of International Paper from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Zacks Investment Research cut shares of International Paper from a “hold” rating to a “sell” rating and set a $36.00 price objective for the company. in a research report on Wednesday, May 27th. Morgan Stanley began coverage on shares of International Paper in a research report on Monday, June 15th. They set an “underweight” rating and a $29.00 price objective for the company. Deutsche Bank decreased their price objective on shares of International Paper from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, May 26th. Finally, Cfra cut their target price on shares of International Paper from $45.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. International Paper presently has a consensus rating of “Hold” and a consensus target price of $41.08.

Several institutional investors have recently added to or reduced their stakes in IP. Evoke Wealth LLC lifted its stake in shares of International Paper by 158.7% in the first quarter. Evoke Wealth LLC now owns 807 shares of the basic materials company’s stock valued at $25,000 after buying an additional 495 shares in the last quarter. Citizens Financial Group Inc RI lifted its position in shares of International Paper by 207.1% during the first quarter. Citizens Financial Group Inc RI now owns 823 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 555 shares in the last quarter. Balentine LLC bought a new position in shares of International Paper during the first quarter valued at about $28,000. Ancora Advisors LLC bought a new position in shares of International Paper during the fourth quarter valued at about $29,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of International Paper during the fourth quarter valued at about $35,000. 81.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IP traded up $0.59 during trading hours on Monday, hitting $35.94. 2,627,325 shares of the stock were exchanged, compared to its average volume of 3,398,227. International Paper has a fifty-two week low of $26.38 and a fifty-two week high of $47.64. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.77 and a quick ratio of 0.56. The business has a 50-day moving average of $34.94 and a 200-day moving average of $37.28. The firm has a market capitalization of $14.11 billion, a P/E ratio of 21.65 and a beta of 1.33.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 27th were paid a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date was Tuesday, May 26th. International Paper’s dividend payout ratio (DPR) is 46.28%.

About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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