International Paper (IP) Set to Announce Earnings on Thursday

International Paper (NYSE:IP) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Individual interested in registering for 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 the consensus estimate of $0.34 by $0.07. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.67 billion. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. 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 Stock Performance

Shares of IP stock opened at $34.41 on Wednesday. International Paper has a 52 week low of $29.00 and a 52 week high of $41.28. The firm’s 50-day simple moving average is $36.72 and its two-hundred day simple moving average is $35.84. The firm 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 debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.67.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IP shares. Wells Fargo & Company reduced their price objective on International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Bank of America upgraded International Paper from an “underperform” rating to a “buy” rating and increased their price target for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. StockNews.com cut International Paper from a “buy” rating to a “hold” rating in a research note on Sunday, January 14th. Truist Financial reiterated a “buy” rating and set a $40.00 target price on shares of International Paper in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price target on shares of International Paper in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Paper has a consensus rating of “Hold” and an average target price of $37.13.

Insider Activity

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction 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 approximately $2,414,708. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 8,800 shares of company stock worth $310,438. 0.55% of the stock is owned by company insiders.

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.