International Paper (IP) Projected to Post Quarterly Earnings on Thursday

International Paper (NYSE:IP) is expected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect International Paper to post earnings of $0.03 per share and revenue of $4,707,270.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. 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

IP opened at $58.29 on Thursday. International Paper has a 12-month low of $32.70 and a 12-month high of $60.36. The company has a market cap of $20.25 billion, a price-to-earnings ratio of 49.82 and a beta of 1.03. 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 stock has a fifty day simple moving average of $56.02 and a two-hundred day simple moving average of $50.89.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IP. Truist Financial lifted their price target on International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada lifted their target price on shares of International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.99.

Insiders Place Their Bets

In related news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $58.39, for a total transaction of $35,034.00. Following the completion of the sale, the director now owns 37,145 shares in the company, valued at approximately $2,168,896.55. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 1,800 shares of company stock worth $100,848 over the last three months. 0.55% of the stock is currently owned by company insiders.

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.