International Paper (NYSE:IP) to Post Q2 2024 Earnings of $0.44 Per Share, Zacks Research Forecasts

International Paper (NYSE:IP) – Investment analysts at Zacks Research increased their Q2 2024 earnings estimates for shares of International Paper in a research report issued on Friday, April 19th. Zacks Research analyst M. Das now anticipates that the basic materials company will post earnings of $0.44 per share for the quarter, up from their prior forecast of $0.40. The consensus estimate for International Paper’s current full-year earnings is $1.91 per share. Zacks Research also issued estimates for International Paper’s Q3 2024 earnings at $0.55 EPS, Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $1.81 EPS, Q1 2025 earnings at $0.52 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.66 EPS and FY2025 earnings at $2.48 EPS.

IP has been the subject of a number of other research reports. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. Truist Financial restated a “buy” rating and issued a $40.00 target price on shares of International Paper in a research note on Wednesday, April 17th. Argus downgraded International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Wells Fargo & Company lowered their price objective on International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, StockNews.com downgraded International Paper from a “buy” rating to a “hold” rating in a report on Sunday, January 14th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.13.

International Paper Stock Performance

Shares of IP opened at $34.76 on Monday. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 42.39 and a beta of 0.99. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $36.72 and its two-hundred day moving average is $35.84. International Paper has a 52-week low of $29.00 and a 52-week high of $41.28.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. International Paper had a return on equity of 8.87% and a net margin of 1.52%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was down 10.4% compared to the same quarter last year.

Institutional Trading of International Paper

Large investors have recently modified their holdings of the company. Manchester Capital Management LLC acquired a new stake in shares of International Paper in the third quarter valued at approximately $25,000. Jones Financial Companies Lllp raised its stake in International Paper by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 475 shares in the last quarter. CVA Family Office LLC bought a new stake in International Paper during the 4th quarter valued at $27,000. MCF Advisors LLC boosted its position in International Paper by 1,094.7% during the 1st quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 624 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of International Paper by 2,281.8% in the third quarter. Venturi Wealth Management LLC now owns 786 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 753 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Insiders Place Their Bets

In related news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total transaction of $201,550.00. Following the completion of the transaction, the senior vice president now owns 69,488 shares in the company, valued at approximately $2,414,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 8,800 shares of company stock valued at $310,438 over the last quarter. Insiders own 0.55% of the company’s stock.

About International Paper

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.