International Paper Company (NYSE:IP) – Analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for shares of International Paper in a report released on Monday. KeyCorp analyst A. Josephson now anticipates that the basic materials company will post earnings per share of $3.51 for the year, up from their previous forecast of $3.33. KeyCorp currently has a “Hold” rating on the stock.

Other equities analysts have also issued research reports about the company. Vertical Research reaffirmed a “buy” rating on shares of International Paper in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of International Paper in a research note on Monday, August 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price objective on shares of International Paper in a research note on Friday, August 18th. BMO Capital Markets reaffirmed a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. Finally, DA Davidson raised International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $53.75 to $62.00 in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $61.73.

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Shares of International Paper (IP) opened at 57.27 on Wednesday. The stock has a market cap of $23.65 billion, a PE ratio of 29.09 and a beta of 1.46. The company’s 50-day moving average price is $57.27 and its 200-day moving average price is $55.23. International Paper has a one year low of $43.55 and a one year high of $58.96.

International Paper (NYSE:IP) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS.

Large investors have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of International Paper in the second quarter worth about $424,000. IHT Wealth Management LLC lifted its position in shares of International Paper by 26.8% in the second quarter. IHT Wealth Management LLC now owns 1,310 shares of the basic materials company’s stock worth $650,000 after buying an additional 277 shares in the last quarter. FNY Partners Fund LP lifted its position in shares of International Paper by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,250 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of International Paper by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock worth $107,000 after buying an additional 47 shares in the last quarter. Finally, Ffcm LLC lifted its position in shares of International Paper by 148.0% in the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after buying an additional 1,242 shares in the last quarter. Institutional investors own 83.06% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a $0.475 dividend. This is an increase from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, November 14th. International Paper’s payout ratio is currently 85.25%.

International Paper Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

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

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