International Paper (IP) to Release Quarterly Earnings on Thursday

International Paper (NYSE:IP - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $4.71 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.70 billion. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The firm's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. On average, analysts expect International Paper to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

International Paper Stock Performance

Shares of IP stock traded down $0.19 on Tuesday, hitting $59.10. The company had a trading volume of 6,894,529 shares, compared to its average volume of 4,968,161. International Paper has a twelve month low of $32.70 and a twelve month high of $60.36. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. The firm has a market cap of $20.53 billion, a P/E ratio of 50.51 and a beta of 1.03. The company has a 50-day moving average price of $56.17 and a 200-day moving average price of $51.35.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IP shares. Royal Bank of Canada raised their target price on International Paper from $56.00 to $64.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. BNP Paribas lowered International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 price objective on the stock. in a report on Wednesday, November 13th. Finally, Truist Financial boosted their price objective on International Paper from $61.00 to $65.00 and gave the company a "buy" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.99.

Insider Buying and Selling

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $58.39, for a total value of $35,034.00. Following the completion of the sale, the director now directly owns 37,145 shares of the company's stock, valued at $2,168,896.55. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 1,800 shares of company stock worth $100,848. 0.55% of the stock is owned by insiders.

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.