Analysis Analysts Difficulty Forecasts for Worldwide Paper’s Q1 2023 Earnings (NYSE:IP)


Worldwide Paper (NYSE:IPGet Score) – Funding analysts at KeyCorp issued their Q1 2023 earnings per share (EPS) estimates for Worldwide Paper in a analysis be aware issued on Tuesday, January thirty first. KeyCorp analyst A. Josephson forecasts that the essential supplies firm will publish earnings per share of $0.44 for the quarter. The consensus estimate for Worldwide Paper’s present full-year earnings is $2.71 per share. KeyCorp additionally issued estimates for Worldwide Paper’s Q2 2023 earnings at $0.65 EPS, This fall 2023 earnings at $0.84 EPS and FY2023 earnings at $2.90 EPS.

A number of different equities analysts additionally just lately issued reviews on the inventory. Wells Fargo & Firm upped their value goal on shares of Worldwide Paper from $32.00 to $38.00 and gave the corporate an “equal weight” ranking in a analysis be aware on Wednesday. Truist Monetary upped their value goal on shares of Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” ranking in a analysis be aware on Wednesday. UBS Group raised Worldwide Paper from a “promote” ranking to a “impartial” ranking and raised their value goal for the corporate from $31.00 to $43.00 in a analysis be aware on Friday. Royal Financial institution of Canada upped their value goal on shares of Worldwide Paper from $36.00 to $40.00 and gave the corporate a “sector carry out” ranking in a report on Wednesday. Lastly, Citigroup elevated their value goal on Worldwide Paper from $36.00 to $44.00 and gave the corporate a “impartial” ranking in a analysis be aware on Thursday. Three funding analysts have rated the inventory with a promote ranking, 5 have assigned a maintain ranking and two have issued a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat.com, the corporate has a consensus ranking of “Maintain” and a mean goal value of $38.82.

Worldwide Paper Buying and selling Down 0.4 %

IP opened at $41.36 on Friday. The corporate’s 50 day easy transferring common is $36.69 and its two-hundred day easy transferring common is $37.41. The agency has a market capitalization of $14.71 billion, a price-to-earnings ratio of 10.20 and a beta of 1.05. The corporate has a debt-to-equity ratio of 0.57, a present ratio of 1.35 and a fast ratio of 0.97. Worldwide Paper has a 1-year low of $30.69 and a 1-year excessive of $50.23.

Worldwide Paper (NYSE:IPGet Score) final launched its quarterly earnings information on Tuesday, January thirty first. The essential supplies firm reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.18. Worldwide Paper had a internet margin of seven.11% and a return on fairness of 15.81%. The agency had income of $5.13 billion for the quarter, in comparison with analyst estimates of $5.20 billion. Throughout the identical quarter within the prior yr, the enterprise earned $0.78 earnings per share. The enterprise’s quarterly income was up .9% in comparison with the identical quarter final yr.

Institutional Buying and selling of Worldwide Paper

A number of hedge funds and different institutional buyers have just lately modified their holdings of IP. Pictet Asset Administration SA grew its place in Worldwide Paper by 35.7% in the course of the second quarter. Pictet Asset Administration SA now owns 5,057,703 shares of the essential supplies firm’s inventory valued at $211,564,000 after buying a further 1,329,598 shares within the final quarter. Greenhaven Associates Inc. grew its holdings in shares of Worldwide Paper by 22.1% in the course of the 4th quarter. Greenhaven Associates Inc. now owns 6,081,825 shares of the essential supplies firm’s inventory valued at $210,614,000 after buying a further 1,099,100 shares within the final quarter. Cowa LLC elevated its stake in shares of Worldwide Paper by 13,649.1% within the first quarter. Cowa LLC now owns 1,002,172 shares of the essential supplies firm’s inventory price $463,000 after buying a further 994,883 shares over the past quarter. Prudential Monetary Inc. elevated its stake in shares of Worldwide Paper by 235.6% within the second quarter. Prudential Monetary Inc. now owns 1,313,802 shares of the essential supplies firm’s inventory price $54,957,000 after buying a further 922,302 shares over the past quarter. Lastly, First Belief Advisors LP raised its holdings in shares of Worldwide Paper by 117.6% in the course of the first quarter. First Belief Advisors LP now owns 1,591,552 shares of the essential supplies firm’s inventory price $73,450,000 after buying a further 860,180 shares within the final quarter. Institutional buyers and hedge funds personal 83.64% of the corporate’s inventory.

Insider Shopping for and Promoting at Worldwide Paper

In associated information, SVP Thomas J. Plath offered 2,000 shares of the inventory in a transaction on Wednesday, November thirtieth. The inventory was offered at a mean value of $36.00, for a complete worth of $72,000.00. Following the completion of the transaction, the senior vice chairman now owns 49,953 shares within the firm, valued at roughly $1,798,308. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is offered at the SEC web site. 0.42% of the inventory is owned by company insiders.

Worldwide Paper Broadcasts Dividend

The agency additionally just lately declared a quarterly dividend, which might be paid on Wednesday, March fifteenth. Shareholders of report on Friday, February seventeenth might be given a $0.4625 dividend. The ex-dividend date is Thursday, February sixteenth. This represents a $1.85 annualized dividend and a yield of 4.47%. Worldwide Paper’s dividend payout ratio (DPR) is 45.45%.

Worldwide Paper Firm Profile

(Get Score)

Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by means of the next segments: Industrial Packaging, World Cellulose Fibers, and Printing Papers. The Industrial Packaging phase is concerned in manufacturing containerboards, which embody linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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