International Paper Company (NYSE: IP) closed the day trading at $30.61 down -2.70% from the previous closing price of $31.46. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 4000087 shares were traded. IP stock price reached its highest trading level at $31.00 during the session, while it also had its lowest trading level at $30.41.
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Ratios:
For a better understanding of IP, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.65.
Upgrades & Downgrades
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 21 when Saab Joseph R. sold 1,705 shares for $35.35 per share. The transaction valued at 60,273 led to the insider holds 1,671 shares of the business.
Sutton Mark S sold 85,000 shares of IP for $2,938,960 on Mar 16. The Chairman and CEO now owns 143,000 shares after completing the transaction at $34.58 per share. On Feb 22, another insider, Gregg Aimee K., who serves as the Senior Vice President of the company, sold 1,862 shares for $36.05 each. As a result, the insider received 67,125 and left with 4,260 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IP now has a Market Capitalization of 11.57B and an Enterprise Value of 17.06B. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.16, and their Forward P/E ratio for the next fiscal year is 11.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 0.81 whereas that against EBITDA is 5.77.
Stock Price History:
Over the past 52 weeks, IP has reached a high of $49.31, while it has fallen to a 52-week low of $30.69. The 50-Day Moving Average of the stock is 34.04, while the 200-Day Moving Average is calculated to be 36.15.
Shares Statistics:
Over the past 3-months, IP traded about 2.92M shares per day on average, while over the past 10 days, IP traded about 2.95M shares per day. A total of 349.30M shares are outstanding, with a floating share count of 346.48M. Insiders hold about 0.40% of the company’s shares, while institutions hold 88.10% stake in the company. Shares short for IP as of May 14, 2023 were 12.55M with a Short Ratio of 12.55M, compared to 9.54M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.62% and a Short% of Float of 4.14%.
Dividends & Splits
IP’s forward annual dividend rate is 1.85, up from 1.85 a year ago. Against a Trailing Annual Dividend Yield of 5.97%, it implies a Forward Annual Dividend Yield of 5.88%. The stock’s 5-year Average Dividend Yield is 4.52. The current Payout Ratio is 50.80% for IP, which recently paid a dividend on Jun 14, 2023 with an ex-dividend date of May 24, 2023. Stock splits for the company last occurred on Jul 01, 2014 when the company split stock in a 1014:1000 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.43 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.38, while EPS last year was $1.24. The consensus estimate for the next quarter is $0.71, with high estimates of $0.86 and low estimates of $0.57.
Analysts are recommending an EPS of between $3 and $2.1 for the fiscal current year, implying an average EPS of $2.45. EPS for the following year is $2.57, with 9 analysts recommending between $3.55 and $1.45.
Revenue Estimates
6 analysts predict $4.94B in revenue for the current quarter. It ranges from a high estimate of $5.06B to a low estimate of $4.8B. As of the current estimate, International Paper Company’s year-ago sales were $5.39B, an estimated decrease of -8.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $5.01B, a decrease of -6.20% over than the figure of -$8.30% in the same quarter last year. There is a high estimate of $5.16B for the next quarter, whereas the lowest estimate is $4.91B.
A total of 8 analysts have provided revenue estimates for IP’s current fiscal year. The highest revenue estimate was $20.23B, while the lowest revenue estimate was $19.44B, resulting in an average revenue estimate of $19.92B. In the same quarter a year ago, actual revenue was $21.16B, down -5.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $19.82B in the next fiscal year. The high estimate is $20.25B and the low estimate is $18.62B. The average revenue growth estimate for next year is down -0.50% from the average revenue estimate for this year.
