International Paper Co (NYSE:IP) to Post Q3 2019 Earnings of $1.26 Per Share, KeyCorp Forecasts

International Paper Co (NYSE:IP) – Stock analysts at KeyCorp dropped their Q3 2019 earnings estimates for shares of International Paper in a note issued to investors on Tuesday, June 25th, according to Zacks Investment Research. KeyCorp analyst A. Josephson now anticipates that the basic materials company will post earnings per share of $1.26 for the quarter, down from their previous forecast of $1.30. KeyCorp has a “Underweight” rating and a $38.00 price target on the stock. KeyCorp also issued estimates for International Paper’s Q4 2019 earnings at $1.35 EPS and FY2019 earnings at $4.70 EPS.

IP has been the subject of several other reports. UBS Group reiterated a “sell” rating on shares of in a research report on Monday, June 24th. Citigroup boosted their target price on Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Royal Bank of Canada upgraded Snap from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $10.00 to $17.00 in a report on Friday, April 5th. Bank of America lowered Propetro from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Finally, Stephens set a $120.00 price target on Electronic Arts and gave the company a “buy” rating in a research report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.82.

Shares of NYSE IP traded up $0.24 during mid-day trading on Wednesday, hitting $42.50. The company had a trading volume of 2,674,096 shares, compared to its average volume of 3,012,108. The firm has a market capitalization of $16.79 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 1.72 and a beta of 1.49. International Paper has a 1 year low of $37.55 and a 1 year high of $54.95. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.43 and a quick ratio of 0.96. The business’s 50-day simple moving average is $43.19.

International Paper (NYSE:IP) last issued its earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.20. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.73 billion. International Paper had a return on equity of 31.35% and a net margin of 7.32%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, August 14th. International Paper’s payout ratio is 37.59%.

In other news, SVP Thomas J. Plath sold 1,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $45.17, for a total value of $45,170.00. Following the completion of the sale, the senior vice president now owns 30,671 shares of the company’s stock, valued at approximately $1,385,409.07. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $46.85, for a total transaction of $234,250.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Bremer Trust National Association purchased a new stake in International Paper during the fourth quarter worth about $25,000. Advisory Alpha LLC purchased a new stake in International Paper during the first quarter worth about $25,000. Bremer Bank National Association purchased a new stake in International Paper during the first quarter worth about $28,000. Truvestments Capital LLC purchased a new stake in International Paper during the first quarter worth about $30,000. Finally, Lindbrook Capital LLC purchased a new stake in International Paper during the fourth quarter worth about $32,000. 81.32% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for International Paper (NYSE:IP)

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