Seaport Res Ptn Has Positive Outlook of IP FY2025 Earnings

International Paper (NYSE:IP) – Investment analysts at Seaport Res Ptn raised their FY2025 earnings estimates for International Paper in a research report issued on Monday, October 21st. Seaport Res Ptn analyst M. Weintraub now expects that the basic materials company will earn $2.80 per share for the year, up from their prior forecast of $2.60. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for International Paper’s current full-year earnings is $1.55 per share.

International Paper (NYSE:IP) last posted its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.14. International Paper had a net margin of 2.34% and a return on equity of 7.28%. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis.

A number of other research firms have also recently commented on IP. Truist Financial increased their price target on shares of International Paper from $55.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised their target price on shares of International Paper from $52.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wells Fargo & Company raised their target price on shares of International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Stifel Nicolaus initiated coverage on shares of International Paper in a report on Tuesday, July 9th. They issued a “hold” rating and a $48.70 target price on the stock. Finally, Argus upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.46.

International Paper Trading Up 3.2 %

NYSE:IP opened at $49.04 on Thursday. The company’s 50 day moving average price is $48.10 and its 200-day moving average price is $44.35. International Paper has a 52 week low of $31.76 and a 52 week high of $50.68. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 100.08 and a beta of 1.04.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, November 15th. International Paper’s dividend payout ratio is presently 377.55%.

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $46.26, for a total transaction of $27,756.00. Following the transaction, the director now owns 41,602 shares in the company, valued at $1,924,508.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $46.26, for a total transaction of $27,756.00. Following the sale, the director now directly owns 41,602 shares in the company, valued at $1,924,508.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph R. Saab sold 2,440 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $47.30, for a total transaction of $115,412.00. Following the sale, the senior vice president now owns 18,668 shares in the company, valued at $882,996.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,440 shares of company stock worth $934,142 in the last 90 days. 0.55% of the stock is currently owned by insiders.

Institutional Trading of International Paper

Several institutional investors and hedge funds have recently modified their holdings of IP. Massmutual Trust Co. FSB ADV lifted its stake in International Paper by 20.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,396 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 239 shares in the last quarter. Retirement Systems of Alabama boosted its stake in International Paper by 0.3% during the second quarter. Retirement Systems of Alabama now owns 76,616 shares of the basic materials company’s stock valued at $3,306,000 after buying an additional 246 shares during the last quarter. Altrius Capital Management Inc grew its holdings in International Paper by 0.3% during the 2nd quarter. Altrius Capital Management Inc now owns 112,487 shares of the basic materials company’s stock valued at $4,854,000 after buying an additional 296 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in International Paper by 4.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,845 shares of the basic materials company’s stock worth $306,000 after acquiring an additional 318 shares during the last quarter. Finally, Ranch Capital Advisors Inc. raised its holdings in shares of International Paper by 1.0% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 35,405 shares of the basic materials company’s stock worth $1,528,000 after acquiring an additional 345 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

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.