International paper (NYSE:IP – Get a rating) is expected to release its quarterly results before the market opens on Thursday, July 28. Analysts expect International Paper to post earnings of $1.11 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.
International paper (NYSE:IP – Get a rating) last released its quarterly earnings data on Thursday, April 28. The basic materials company reported EPS of $0.76 for the quarter, beating consensus analyst estimates of $0.52 by $0.24. The company posted revenue of $5.24 billion for the quarter, versus $4.96 billion expected by analysts. International Paper posted a net margin of 8.14% and a return on equity of 17.16%. The company’s revenue increased 14.0% year over year. In the same quarter last year, the company achieved EPS of $0.76. On average, analysts expect International Paper to post EPS of $5 for the current fiscal year and EPS of $5 for the next fiscal year.
Performance of international paper prices
NYSE IP shares opened at $42.94 on Thursday. The stock has a market capitalization of $15.91 billion, a price-earnings ratio of 9.50 and a beta of 0.94. International Paper has a 12-month low of $40.21 and a 12-month high of $60.39. The company’s 50-day simple moving average is $44.73 and its 200-day simple moving average is $45.86. The company has a debt ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.31.
International Paper Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Monday, August 15 will receive a dividend of $0.4625 per share. The ex-dividend date is Friday, August 12. This represents a dividend of $1.85 on an annualized basis and a dividend yield of 4.31%. International Paper’s payout ratio is 40.93%.
Insiders place their bets
In other International Paper news, please Guillaume Thomas Hamic sold 3,630 shares of the company in a transaction dated Monday, May 16. The shares were 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, valued at $1,052,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Insiders hold 0.42% of the company’s shares.
Hedge funds weigh on international paper
A number of institutional investors and hedge funds have recently changed their positions in intellectual property. Desjardins Global Asset Management Inc. increased its position in international paper by 45.5% in the first quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company valued at $31,000 after buying 211 more shares last quarter. Parkside Financial Bank & Trust increased its stake in International Paper by 79.0% in the first quarter. Parkside Financial Bank & Trust now owns 1,930 shares of the basic materials company valued at $90,000 after buying 852 additional shares in the last quarter. Covestor Ltd increased its stake in International Paper by 50.9% in the first quarter. Covestor Ltd now owns 3,818 shares of the basic materials company valued at $176,000 after buying 1,288 more shares in the last quarter. Cibc World Market Inc. acquired a new stake in International Paper in the first quarter valued at approximately $206,000. Finally, SVB Wealth LLC acquired a new stake in International Paper in the first quarter valued at approximately $233,000. 82.69% of the shares are held by institutional investors and hedge funds.
Wall Street analysts predict growth
A number of equity research analysts have recently released reports on IP stocks. StockNews.com upgraded International Paper’s shares from a “hold” rating to a “buy” rating in a Friday, April 29 research note. Deutsche Bank Aktiengesellschaft lowered its target price on International Paper shares from $48.00 to $44.00 in a research note on Tuesday. Citigroup downgraded International Paper shares from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $53.00 to $46.00 in a Tuesday research note 21st of June. KeyCorp lowered its target price on International Paper shares from $41.00 to $37.00 and set an “underweight” rating on the stock in a Friday, July 1 research note. Finally, Wells Fargo & Company downgraded International Paper shares from an “overweight” rating to an “equally weighted” rating and lowered its target price for the stock from $58.00 to $47.00 in a research note Monday. Two analysts rated the stock with a sell rating, nine gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.80.
International Paper Company Profile
International Paper Company operates as a packaging company primarily in the United States, the Middle East, Europe, Africa, the Pacific Rim, Asia and the rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboard, including linerboard, paperboard, paperboard, recycled paperboard, recycled paper and saturating kraft.
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