Wall Street brokerages forecast that International Paper Co (NYSE:IP) will post $5.89 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for International Paper’s earnings. The lowest sales estimate is $5.82 billion and the highest is $6.01 billion. International Paper posted sales of $5.91 billion during the same quarter last year, which suggests a negative year over year growth rate of 0.3%. The firm is scheduled to issue its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that International Paper will report full-year sales of $23.11 billion for the current year, with estimates ranging from $22.86 billion to $23.34 billion. For the next financial year, analysts anticipate that the firm will report sales of $23.36 billion per share, with estimates ranging from $23.00 billion to $23.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for International Paper.

International Paper (NYSE:IP) last posted its earnings results on Thursday, July 26th. The basic materials company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. International Paper had a return on equity of 29.24% and a net margin of 12.95%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share.

A number of equities research analysts have issued reports on the company. ValuEngine upgraded International Paper from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. Wells Fargo & Co upgraded International Paper from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $50.00 to $66.94 in a research report on Friday, June 1st. Zacks Investment Research upgraded International Paper from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, June 5th. Royal Bank of Canada upgraded International Paper from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $65.69 to $67.00 in a research report on Wednesday, June 6th. Finally, BMO Capital Markets upgraded International Paper from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $70.00 in a research report on Wednesday, June 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. International Paper presently has a consensus rating of “Hold” and a consensus price target of $64.38.

In other news, insider W. Michael Jr. Amick sold 10,930 shares of the stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $55.86, for a total value of $610,549.80. Following the sale, the insider now directly owns 29,844 shares in the company, valued at $1,667,085.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Carleton C. Ealy sold 22,000 shares of the stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $56.79, for a total value of $1,249,380.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,930 shares of company stock worth $3,545,990. Company insiders own 0.32% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of IP. Levin Capital Strategies L.P. raised its holdings in shares of International Paper by 27,958.2% in the first quarter. Levin Capital Strategies L.P. now owns 1,122,329 shares of the basic materials company’s stock worth $59,966,000 after buying an additional 1,118,329 shares during the period. Miller Howard Investments Inc. NY bought a new position in International Paper in the second quarter worth approximately $53,831,000. OppenheimerFunds Inc. grew its stake in International Paper by 266.5% in the first quarter. OppenheimerFunds Inc. now owns 1,025,416 shares of the basic materials company’s stock worth $54,788,000 after purchasing an additional 745,662 shares in the last quarter. American Century Companies Inc. grew its stake in International Paper by 55.9% in the first quarter. American Century Companies Inc. now owns 1,138,265 shares of the basic materials company’s stock worth $60,817,000 after purchasing an additional 408,318 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in International Paper by 17.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,642,334 shares of the basic materials company’s stock worth $141,180,000 after purchasing an additional 395,334 shares in the last quarter. Hedge funds and other institutional investors own 82.14% of the company’s stock.

Shares of NYSE:IP traded down $0.52 during mid-day trading on Tuesday, reaching $51.21. The stock had a trading volume of 94,643 shares, compared to its average volume of 1,913,506. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $21.34 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.05 and a beta of 1.50. International Paper has a 1 year low of $50.00 and a 1 year high of $66.94.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Wednesday, August 15th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.90 annualized dividend and a dividend yield of 3.71%. International Paper’s payout ratio is 54.44%.

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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Earnings History and Estimates for International Paper (NYSE:IP)

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