International Paper (NYSE:IP) Forecasted to Post FY2021 Earnings of $4.15 Per Share

International Paper (NYSE:IP) – Equities research analysts at Truist Securities reduced their FY2021 earnings per share estimates for International Paper in a report issued on Wednesday, January 12th. Truist Securities analyst M. Roxland now forecasts that the basic materials company will earn $4.15 per share for the year, down from their prior estimate of $4.34. Truist Securities has a “Hold” rating and a $50.00 price target on the stock. Truist Securities also issued estimates for International Paper’s Q4 2021 earnings at $0.98 EPS and FY2024 earnings at $5.00 EPS.

Other equities analysts have also recently issued reports about the company. Truist started coverage on International Paper in a research note on Wednesday, October 13th. They set a “hold” rating and a $50.00 price objective on the stock. UBS Group raised their target price on International Paper from $47.00 to $52.00 and gave the company a “sell” rating in a research note on Tuesday, September 28th. Wells Fargo & Company cut their target price on International Paper from $78.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. BMO Capital Markets reiterated a “buy” rating on shares of International Paper in a research note on Friday, November 12th. Finally, KeyCorp cut their target price on International Paper from $50.00 to $44.00 and set an “underweight” rating on the stock in a research note on Monday, November 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.31.

Shares of IP opened at $49.50 on Thursday. The business’s fifty day moving average price is $47.39 and its 200 day moving average price is $53.75. International Paper has a 12-month low of $43.87 and a 12-month high of $65.27. The stock has a market capitalization of $19.17 billion, a PE ratio of 10.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.11 and a quick ratio of 1.67.

International Paper (NYSE:IP) last issued its quarterly earnings data on Wednesday, October 27th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.11). The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.84 billion. International Paper had a net margin of 8.20% and a return on equity of 18.42%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS.

A number of large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in International Paper by 2.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 47,100,520 shares of the basic materials company’s stock worth $2,887,733,000 after acquiring an additional 947,242 shares during the period. Vanguard Group Inc. boosted its position in shares of International Paper by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 45,502,847 shares of the basic materials company’s stock valued at $2,789,779,000 after purchasing an additional 241,298 shares during the period. BlackRock Inc. boosted its position in shares of International Paper by 0.4% in the 3rd quarter. BlackRock Inc. now owns 33,546,735 shares of the basic materials company’s stock valued at $1,875,935,000 after purchasing an additional 124,292 shares during the period. State Street Corp boosted its position in shares of International Paper by 3.4% in the 2nd quarter. State Street Corp now owns 25,038,719 shares of the basic materials company’s stock valued at $1,535,124,000 after purchasing an additional 820,092 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of International Paper by 109.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 8,957,262 shares of the basic materials company’s stock valued at $500,891,000 after purchasing an additional 4,689,181 shares during the period. 81.34% of the stock is currently owned by hedge funds and other institutional investors.

International Paper declared that its board has authorized a share buyback plan on Tuesday, October 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 15th. Investors of record on Friday, February 18th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, February 17th. International Paper’s payout ratio is currently 40.57%.

International Paper Company Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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