International Paper (NYSE:IP) Expected to Post Q2 2024 Earnings of $0.38 Per Share

International Paper (NYSE:IP) – Analysts at Zacks Research dropped their Q2 2024 EPS estimates for shares of International Paper in a report issued on Wednesday, June 26th. Zacks Research analyst M. Das now anticipates that the basic materials company will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.39. The consensus estimate for International Paper’s current full-year earnings is $1.85 per share. Zacks Research also issued estimates for International Paper’s Q3 2024 earnings at $0.57 EPS, Q4 2024 earnings at $0.70 EPS, FY2024 earnings at $1.81 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.70 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $2.56 EPS, Q1 2026 earnings at $0.73 EPS and FY2026 earnings at $3.44 EPS.

Other analysts also recently issued research reports about the stock. Seaport Res Ptn raised shares of International Paper from a “hold” rating to a “strong-buy” rating in a report on Friday. Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $46.00 in a report on Wednesday, March 20th. Jefferies Financial Group raised shares of International Paper from a “hold” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $57.00 in a report on Thursday, May 23rd. Bank of America raised shares of International Paper from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $42.00 in a report on Monday, March 4th. Finally, Truist Financial reaffirmed a “buy” rating and set a $52.00 target price on shares of International Paper in a report on Thursday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, International Paper presently has an average rating of “Moderate Buy” and an average price target of $44.71.

International Paper Stock Down 0.2 %

International Paper stock opened at $43.15 on Friday. The firm has a market capitalization of $14.99 billion, a PE ratio of 88.06 and a beta of 1.06. The company’s 50-day moving average is $41.76 and its 200-day moving average is $38.39. International Paper has a fifty-two week low of $30.78 and a fifty-two week high of $47.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.68 and a quick ratio of 1.22.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.06). The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. International Paper had a return on equity of 7.45% and a net margin of 0.93%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 24th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.29%. The ex-dividend date was Thursday, May 23rd. International Paper’s dividend payout ratio (DPR) is currently 377.55%.

Insider Buying and Selling at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $44.58, for a total value of $26,748.00. Following the completion of the transaction, the director now directly owns 45,479 shares in the company, valued at approximately $2,027,453.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 3,600 shares of company stock worth $144,744. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Paper

Institutional investors have recently modified their holdings of the company. MCF Advisors LLC boosted its stake in shares of International Paper by 1,094.7% in the 1st quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in International Paper by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 475 shares in the last quarter. Crewe Advisors LLC bought a new position in International Paper during the first quarter worth $29,000. CVA Family Office LLC bought a new position in International Paper during the fourth quarter worth $27,000. Finally, Assetmark Inc. boosted its stake in International Paper by 309.0% during the fourth quarter. Assetmark Inc. now owns 859 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 649 shares in the last quarter. 81.95% of the stock is owned by institutional investors.

About International Paper

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.