International Paper (IP) Expected to Announce Earnings on Thursday

International Paper (NYSE:IPGet Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $4,707,270.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

International Paper (NYSE:IPGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.64 EPS. The business’s 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 Trading Down 1.4 %

Shares of IP opened at $59.27 on Tuesday. The firm’s 50-day moving average is $56.14 and its two-hundred day moving average is $51.24. 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 firm has a market capitalization of $20.59 billion, a P/E ratio of 50.66 and a beta of 1.03.

Insider Activity at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $53.50, for a total transaction of $32,100.00. Following the transaction, the director now owns 38,345 shares of the company’s stock, valued at $2,051,457.50. This represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders sold 1,800 shares of company stock valued at $100,848. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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About International Paper

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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.

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Earnings History for International Paper (NYSE:IP)

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