International Paper (IP) Set to Announce Earnings on Thursday

International Paper (NYSE:IP) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.22 per share 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 results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. International Paper had a return on equity of 8.87% and a net margin of 1.52%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the prior year, the business earned $0.87 EPS. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, analysts expect International Paper to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

International Paper Trading Down 1.0 %

IP stock opened at $34.41 on Wednesday. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 41.96 and a beta of 0.99. The company has a fifty day moving average price of $36.72 and a two-hundred day moving average price of $35.84. International Paper has a one year low of $29.00 and a one year high of $41.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.19.

Analysts Set New Price Targets

Several research analysts have weighed in on IP shares. Argus cut shares of International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Royal Bank of Canada restated an “outperform” rating and issued a $43.00 price target on shares of International Paper in a research note on Friday, February 2nd. StockNews.com cut International Paper from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. Finally, Truist Financial restated a “buy” rating and set a $40.00 target price on shares of International Paper in a research report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.13.

Insider Transactions at International Paper

In other International Paper news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total transaction of $201,550.00. Following the completion of the transaction, the senior vice president now directly owns 69,488 shares in the company, valued at $2,414,708. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 8,800 shares of company stock valued at $310,438. Company insiders own 0.55% of the company’s stock.

International Paper Company Profile

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.