International Paper to report second-quarter 2022 earnings of $1.00 per share, Jefferies Financial Group forecast (NYSE:IP)

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International paper (NYSE:IP – Get a rating) – Analysts at Jefferies Financial Group cut their second-quarter 2022 EPS estimates for shares of International Paper in a research note released to investors on Monday, July 11. Jefferies Financial Group analyst P. Ng now expects the basic materials company to post earnings of $1.00 per share for the quarter, down from its previous forecast of 1. $04. The consensus estimate for International Paper’s current annual earnings is $4.72 per share. Jefferies Financial Group also released estimates for International Paper’s fourth quarter 2022 earnings at $1.28 EPS, fiscal year 2022 earnings at $4.26 EPS and fiscal year 2023 earnings at $4. $54 EPS. International paper (NYSE:IP – Get a rating) last released its results on Thursday, April 28. The basic materials company reported earnings per share of $0.76 for the quarter, beating analysts’ consensus estimate of $0.52 by $0.24. The company posted revenue of $5.24 billion in the quarter, versus analyst estimates of $4.96 billion. 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 of the previous year, the company achieved EPS of $0.76.

A number of other analysts have also weighed in on the IP recently. StockNews.com upgraded International Paper’s shares from a “hold” rating to a “buy” rating in a Friday, April 29 research note. KeyCorp lowered its price target 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. Citigroup downgraded shares of International Paper from a “buy” rating to a “neutral” rating and lowered its target price for the company from $53.00 to $46.00 in a Tuesday 21 research note. June. Finally, Deutsche Bank Aktiengesellschaft raised its price target on International Paper shares from $47.00 to $48.00 in a Monday, April 18 research note. Two equity research analysts gave the stock a sell rating, eight gave the stock a hold rating and three gave the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.00.

Shares of IP opened at $42.23 on Tuesday. The company has a 50-day simple moving average of $45.52 and a 200-day simple moving average of $46.07. The company has a market capitalization of $15.65 billion, a P/E ratio of 9.34 and a beta of 0.94. The company has a debt ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.73. International Paper has a 52-week low of $40.21 and a 52-week high of $62.48.

Institutional investors and hedge funds have recently bought and sold shares of the company. Banque Pictet & Cie SA increased its stake in International Paper by 503.3% in the fourth quarter. Banque Pictet & Cie SA now owns 41,036 shares of the basic materials company worth $1,928,000 after purchasing an additional 34,234 shares during the period. Guggenheim Capital LLC increased its shareholding in International Paper by 8.7% during the fourth quarter. Guggenheim Capital LLC now owns 219,302 shares of the basic materials company worth $10,303,000 after acquiring an additional 17,559 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of International Paper during the fourth quarter at a value of $97,949,000. Bivin & Associates Inc. acquired a new stake in shares of International Paper during the fourth quarter at a value of $30,000. Finally, Norwood Financial Corp acquired a new equity stake in International Paper during the fourth quarter at a value of $47,000. Institutional investors hold 82.69% of the company’s shares.

In other International Paper news, please Guillaume Thomas Hamic sold 3,630 shares in a trade on Monday, May 16. The shares were sold at an average price of $47.72, for a total value 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 transaction was disclosed in an SEC filing, available at the SEC website. Additionally, major shareholder Paper Co /New/ International sold 4,132,000 shares in a trade on Thursday, April 21. The stock was sold at an average price of $34.75, for a total transaction of $143,587,000.00. Following the completion of the sale, the insider now owns 4,614,358 shares of the company, valued at $160,348,940.50. Disclosure of this sale can be found here. Company insiders own 0.42% of the company’s shares.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Friday, May 27 received a dividend of $0.4625 per share. The ex-dividend date was Thursday, May 26. This represents an annualized dividend of $1.85 and a dividend yield of 4.38%. International Paper’s dividend payout ratio (DPR) is currently 40.93%.

International Paper Company Profile (Get a rating)

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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Earnings history and estimates for International Paper (NYSE:IP)

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