International Paper Co (NYSE:IP) – Investment analysts at Seaport Global Securities lowered their FY2018 earnings estimates for shares of International Paper in a research note issued on Wednesday, January 9th. Seaport Global Securities analyst M. Weintraub now anticipates that the basic materials company will post earnings of $5.30 per share for the year, down from their prior estimate of $5.32. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for International Paper’s Q4 2018 earnings at $1.61 EPS, Q1 2019 earnings at $1.31 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $5.40 EPS.
A number of other equities research analysts also recently weighed in on IP. Zacks Investment Research downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Royal Bank of Canada reaffirmed a “buy” rating and set a $49.00 price objective on shares of International Paper in a research report on Tuesday. Finally, Deutsche Bank set a $55.00 price objective on shares of International Paper and gave the company a “hold” rating in a research report on Monday, October 29th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $57.00.
Shares of NYSE:IP opened at $44.81 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 1.52. International Paper has a fifty-two week low of $37.55 and a fifty-two week high of $66.94. The stock has a market cap of $17.30 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 0.79 and a beta of 1.48.
International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, October 25th. The basic materials company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. International Paper had a net margin of 13.68% and a return on equity of 29.75%. The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.90 billion.
A number of institutional investors have recently bought and sold shares of IP. Qube Research & Technologies Ltd acquired a new stake in shares of International Paper in the 2nd quarter worth approximately $106,000. Girard Partners LTD. acquired a new stake in shares of International Paper in the 3rd quarter worth approximately $109,000. Meeder Asset Management Inc. acquired a new stake in shares of International Paper in the 3rd quarter worth approximately $133,000. Flagship Harbor Advisors LLC acquired a new stake in shares of International Paper in the 2nd quarter worth approximately $139,000. Finally, Diamant Asset Management Inc. acquired a new stake in shares of International Paper in the 3rd quarter worth approximately $140,000. 80.93% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, February 20th. International Paper’s payout ratio is 57.31%.
International Paper announced that its Board of Directors has authorized a share repurchase program on Tuesday, October 9th that authorizes the company to repurchase $430.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
International Paper Company Profile
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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