Q3 2024 Earnings Forecast for International Paper (NYSE:IP) Issued By Zacks Research

International Paper (NYSE:IP) – Zacks Research lifted their Q3 2024 EPS estimates for International Paper in a note issued to investors on Thursday, June 20th. Zacks Research analyst M. Das now anticipates that the basic materials company will post earnings per share of $0.55 for the quarter, up from their prior forecast of $0.52. The consensus estimate for International Paper’s current full-year earnings is $1.84 per share. Zacks Research also issued estimates for International Paper’s Q4 2024 earnings at $0.68 EPS, FY2024 earnings at $1.79 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.70 EPS and FY2025 earnings at $2.53 EPS.

Several other research firms have also recently issued reports on IP. Truist Financial upped their price target on shares of International Paper from $40.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Argus cut shares of International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Wells Fargo & Company upped their price target on shares of International Paper from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Bank of America raised shares of International Paper from an “underperform” rating to a “buy” rating and upped their price target for the company from $37.00 to $42.00 in a report on Monday, March 4th. Finally, Jefferies Financial Group raised shares of International Paper from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $57.00 in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and a consensus target price of $44.71.

International Paper Trading Down 1.0 %

IP opened at $46.08 on Monday. The stock has a market capitalization of $16.00 billion, a PE ratio of 94.04 and a beta of 1.06. The firm’s fifty day moving average price is $40.79 and its 200 day moving average price is $38.10. 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 has a 12-month low of $30.23 and a 12-month high of $46.77.

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

Hedge Funds Weigh In On International Paper

Institutional investors have recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new position in International Paper in the 4th quarter valued at about $37,000. StrategIQ Financial Group LLC bought a new position in International Paper in the 4th quarter valued at about $2,271,000. Franklin Resources Inc. grew its position in International Paper by 61.5% in the 4th quarter. Franklin Resources Inc. now owns 13,030,839 shares of the basic materials company’s stock valued at $471,065,000 after buying an additional 4,960,005 shares in the last quarter. Cibc World Markets Corp grew its position in International Paper by 1,437.6% in the 4th quarter. Cibc World Markets Corp now owns 293,639 shares of the basic materials company’s stock valued at $10,615,000 after buying an additional 274,542 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in International Paper by 5.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 164,895 shares of the basic materials company’s stock valued at $5,961,000 after buying an additional 8,933 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $45.11, for a total transaction of $27,066.00. Following the completion of the transaction, the director now owns 43,402 shares in the company, valued at $1,957,864.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 3,600 shares of company stock worth $144,744. Insiders own 0.55% of the company’s stock.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 24th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.85 annualized dividend and a dividend yield of 4.01%. International Paper’s dividend payout ratio is currently 377.55%.

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.