股票分析师对国际纸业2023年第一季度的收益(纽约证券交易所代码:IP)设定了预期

股票分析师对国际纸业2023年第一季度的收益(纽约证券交易所代码:IP)设定了预期
2023年02月03日 15:23 富途牛牛综合

International Paper (NYSE:IP – Get Rating) – Research analysts at Seaport Res Ptn issued their Q1 2023 earnings per share (EPS) estimates for shares of International Paper in a report released on Wednesday, February 1st. Seaport Res Ptn analyst M. Weintraub forecasts that the basic materials company will post earnings per share of $0.45 for the quarter. The consensus estimate for International Paper's current full-year earnings is $2.71 per share. Seaport Res Ptn also issued estimates for International Paper's Q2 2023 earnings at $0.61 EPS, Q3 2023 earnings at $0.92 EPS, Q4 2023 earnings at $0.77 EPS and FY2023 earnings at $2.75 EPS.

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International Paper (NYSE:IP – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.18. International Paper had a return on equity of 15.81% and a net margin of 7.11%. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the business posted $0.78 EPS. The business's revenue was up .9% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Wells Fargo & Company boosted their target price on International Paper from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Bank of America dropped their target price on International Paper from $46.00 to $37.00 in a research note on Thursday, October 13th. BMO Capital Markets dropped their target price on International Paper from $60.00 to $50.00 in a research note on Friday, October 28th. Truist Financial lifted their price target on International Paper from $30.00 to $38.00 and gave the stock a "hold" rating in a research report on Wednesday. Finally, Argus lifted their price target on International Paper from $43.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $38.40.

International Paper Trading Up 1.7 %

Shares of NYSE:IP opened at $41.53 on Thursday. International Paper has a 12-month low of $30.69 and a 12-month high of $50.23. The business's fifty day simple moving average is $36.60 and its 200-day simple moving average is $37.38. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $14.77 billion, a PE ratio of 10.15 and a beta of 1.05.

International Paper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, February 17th will be issued a $0.4625 dividend. The ex-dividend date is Thursday, February 16th. This represents a $1.85 annualized dividend and a dividend yield of 4.45%. International Paper's dividend payout ratio (DPR) is presently 45.45%.

Insider Activity

In other news, SVP Thomas J. Plath sold 2,000 shares of the business's stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $36.00, for a total value of $72,000.00. Following the completion of the transaction, the senior vice president now owns 49,953 shares of the company's stock, valued at approximately $1,798,308. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On International Paper

Several large investors have recently bought and sold shares of IP. Pictet Asset Management SA lifted its holdings in International Paper by 35.7% in the second quarter. Pictet Asset Management SA now owns 5,057,703 shares of the basic materials company's stock valued at $211,564,000 after acquiring an additional 1,329,598 shares during the last quarter. Greenhaven Associates Inc. lifted its stake in International Paper by 22.1% during the fourth quarter. Greenhaven Associates Inc. now owns 6,081,825 shares of the basic materials company's stock worth $210,614,000 after purchasing an additional 1,099,100 shares in the last quarter. Cowa LLC lifted its stake in International Paper by 13,649.1% during the first quarter. Cowa LLC now owns 1,002,172 shares of the basic materials company's stock worth $463,000 after purchasing an additional 994,883 shares in the last quarter. Prudential Financial Inc. lifted its stake in International Paper by 235.6% during the second quarter. Prudential Financial Inc. now owns 1,313,802 shares of the basic materials company's stock worth $54,957,000 after purchasing an additional 922,302 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in International Paper by 117.6% during the first quarter. First Trust Advisors LP now owns 1,591,552 shares of the basic materials company's stock worth $73,450,000 after purchasing an additional 860,180 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

About International Paper

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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 is involved in manufacturing containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Further Reading

  • Get a free copy of the StockNews.com research report on International Paper (IP)
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