杰富瑞金融集团预测(纽约证券交易所代码:IP),国际纸业将公布2023年第二季度每股收益0.95美元

杰富瑞金融集团预测(纽约证券交易所代码:IP),国际纸业将公布2023年第二季度每股收益0.95美元
2023年04月07日 14:42 富途牛牛综合

International Paper (NYSE:IP – Get Rating) – Jefferies Financial Group cut their Q2 2023 EPS estimates for International Paper in a research report issued on Wednesday, April 5th. Jefferies Financial Group analyst P. Ng now anticipates that the basic materials company will post earnings of $0.95 per share for the quarter, down from their prior estimate of $1.12. The consensus estimate for International Paper's current full-year earnings is $2.86 per share.

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

A number of other equities research analysts have also recently issued reports on the stock. UBS Group raised shares of International Paper from a "sell" rating to a "neutral" rating and upped their target price for the company from $31.00 to $43.00 in a report on Friday, February 3rd. StockNews.com began coverage on International Paper in a report on Thursday, March 16th. They set a "buy" rating for the company. Royal Bank of Canada boosted their price objective on shares of International Paper from $36.00 to $40.00 and gave the company a "sector perform" rating in a report on Wednesday, February 1st. Argus boosted their price objective on shares of International Paper from $43.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, February 2nd. Finally, Wells Fargo & Company increased their price target on International Paper from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, International Paper currently has an average rating of "Hold" and an average price target of $38.82.

International Paper Stock Performance

Shares of NYSE IP opened at $35.78 on Thursday. The stock has a 50 day moving average price of $36.96 and a 200 day moving average price of $35.65. International Paper has a 52 week low of $30.69 and a 52 week high of $50.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a market capitalization of $12.50 billion, a PE ratio of 8.79 and a beta of 1.05.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, February 17th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 5.17%. The ex-dividend date was Thursday, February 16th. International Paper's payout ratio is presently 45.45%.

Insider Buying and Selling at International Paper

In other International Paper news, SVP Joseph R. Saab sold 1,705 shares of the stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $35.35, for a total transaction of $60,271.75. Following the completion of the sale, the senior vice president now owns 1,671 shares of the company's stock, valued at approximately $59,069.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Joseph R. Saab sold 1,705 shares of the business's stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $35.35, for a total value of $60,271.75. Following the transaction, the senior vice president now directly owns 1,671 shares of the company's stock, valued at approximately $59,069.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Aimee K. Gregg sold 1,862 shares of the business's stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $36.05, for a total value of $67,125.10. Following the completion of the transaction, the senior vice president now directly owns 4,260 shares in the company, valued at $153,573. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,567 shares of company stock valued at $3,261,447. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Desjardins Global Asset Management Inc. lifted its position in shares of International Paper by 45.5% during the 1st quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company's stock worth $31,000 after buying an additional 211 shares in the last quarter. Glassman Wealth Services boosted its position in International Paper by 38.0% in the fourth quarter. Glassman Wealth Services now owns 1,016 shares of the basic materials company's stock worth $35,000 after purchasing an additional 280 shares during the last quarter. TD Asset Management Inc boosted its position in International Paper by 0.3% in the fourth quarter. TD Asset Management Inc now owns 120,281 shares of the basic materials company's stock worth $4,165,000 after purchasing an additional 310 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in International Paper by 2.5% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,974 shares of the basic materials company's stock worth $411,000 after purchasing an additional 311 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its position in International Paper by 4.8% in the fourth quarter. Capital Investment Advisors LLC now owns 6,818 shares of the basic materials company's stock worth $236,000 after purchasing an additional 315 shares during the last quarter. 83.64% of the stock is owned by 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.

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