Brokerages forecast that International Paper Co (NYSE:IP) will report $5.86 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for International Paper’s earnings, with the lowest sales estimate coming in at $5.70 billion and the highest estimate coming in at $6.05 billion. International Paper posted sales of $5.90 billion in the same quarter last year, which indicates a negative year over year growth rate of 0.7%. The company is expected to announce its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that International Paper will report full-year sales of $23.16 billion for the current fiscal year, with estimates ranging from $22.77 billion to $23.48 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $23.06 billion, with estimates ranging from $21.91 billion to $24.10 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover International Paper.

International Paper (NYSE:IP) last posted its earnings results on Thursday, July 25th. The basic materials company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.14. International Paper had a return on equity of 30.14% and a net margin of 6.88%. The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the prior year, the business earned $1.19 EPS. International Paper’s revenue for the quarter was down 2.8% compared to the same quarter last year.

IP has been the subject of a number of research reports. KeyCorp cut Masco from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Barclays reissued a “sell” rating on shares of easyJet in a research note on Monday, April 1st. UBS Group reissued a “sell” rating on shares of in a research note on Monday, June 24th. Citigroup increased their target price on Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Bank of America cut Propetro from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.82.

In other news, SVP Sharon R. Ryan sold 22,507 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $44.97, for a total value of $1,012,139.79. Following the completion of the sale, the senior vice president now owns 61,554 shares of the company’s stock, valued at approximately $2,768,083.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $46.85, for a total value of $234,250.00. The disclosure for this sale can be found here. In the last three months, insiders sold 28,507 shares of company stock valued at $1,291,560. 0.33% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Alpha LLC acquired a new stake in International Paper during the 1st quarter valued at $25,000. Bremer Bank National Association acquired a new stake in International Paper during the 1st quarter valued at $28,000. Truvestments Capital LLC acquired a new stake in International Paper during the 1st quarter valued at $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in International Paper during the 1st quarter valued at $32,000. Finally, First Interstate Bank acquired a new stake in International Paper during the 1st quarter valued at $37,000. 81.34% of the stock is owned by institutional investors.

NYSE IP traded down $0.69 during trading hours on Monday, reaching $45.30. 3,677,043 shares of the company’s stock were exchanged, compared to its average volume of 3,083,078. The business’s 50-day moving average price is $43.40. International Paper has a one year low of $37.55 and a one year high of $54.95. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.46 and a quick ratio of 0.96. The firm has a market capitalization of $18.00 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.49.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Wednesday, August 14th. International Paper’s payout ratio is presently 37.59%.

About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include 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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