International Paper (IP) Expected to Announce Quarterly Earnings on Thursday

International Paper (NYSE:IP) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect International Paper to post earnings of $0.03 per share and revenue of $4.71 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.20. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts expect International Paper to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

International Paper Price Performance

Shares of NYSE IP opened at $59.10 on Wednesday. International Paper has a twelve month low of $32.70 and a twelve month high of $60.36. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 50.51 and a beta of 1.03. The firm has a 50-day moving average of $56.17 and a two-hundred day moving average of $51.35.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.13%. International Paper’s payout ratio is 158.12%.

Analyst Ratings Changes

A number of research firms have commented on IP. BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a research note on Wednesday, November 13th. Royal Bank of Canada increased their price objective on International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Truist Financial upped their target price on International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.99.

Insiders Place Their Bets

In other news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $56.19, for a total value of $33,714.00. Following the completion of the sale, the director now directly owns 37,745 shares in the company, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 1,800 shares of company stock worth $100,848 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.