Worldwide Paper (NYSE:IP – Get Score) – Analysis analysts at Seaport Res Ptn issued their Q1 2023 earnings per share (EPS) estimates for shares of Worldwide Paper in a report launched on Wednesday, February 1st. Seaport Res Ptn analyst M. Weintraub forecasts that the fundamental supplies firm will publish earnings per share of $0.45 for the quarter. The consensus estimate for Worldwide Paper’s present full-year earnings is $2.71 per share. Seaport Res Ptn additionally issued estimates for Worldwide Paper’s Q2 2023 earnings at $0.61 EPS, Q3 2023 earnings at $0.92 EPS, This fall 2023 earnings at $0.77 EPS and FY2023 earnings at $2.75 EPS.
Worldwide Paper (NYSE:IP – Get Score) final introduced its quarterly earnings outcomes on Tuesday, January thirty first. The fundamental supplies firm reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. Worldwide Paper had a return on fairness of 15.81% and a internet margin of seven.11%. The enterprise had income of $5.13 billion for the quarter, in comparison with the consensus estimate of $5.20 billion. Throughout the identical interval final 12 months, the enterprise posted $0.78 EPS. The enterprise’s income was up .9% in comparison with the identical quarter final 12 months.
Different analysis analysts additionally not too long ago issued experiences concerning the firm. Wells Fargo & Firm boosted their goal worth on Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” ranking in a analysis observe on Wednesday. Financial institution of America dropped their goal worth on Worldwide Paper from $46.00 to $37.00 in a analysis observe on Thursday, October thirteenth. BMO Capital Markets dropped their goal worth on Worldwide Paper from $60.00 to $50.00 in a analysis observe on Friday, October twenty eighth. Truist Monetary lifted their worth goal on Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” ranking in a analysis report on Wednesday. Lastly, Argus lifted their worth goal on Worldwide Paper from $43.00 to $50.00 and gave the inventory a “purchase” ranking in a analysis report on Thursday. Three analysis analysts have rated the inventory with a promote ranking, 4 have given a maintain ranking and two have assigned a purchase ranking to the inventory. Primarily based on information from MarketBeat.com, the corporate at the moment has a median ranking of “Maintain” and a median worth goal of $38.40.
Worldwide Paper Buying and selling Up 1.7 %
Shares of NYSE:IP opened at $41.53 on Thursday. Worldwide Paper has a 12-month low of $30.69 and a 12-month excessive of $50.23. The enterprise’s fifty day easy shifting common is $36.60 and its 200-day easy shifting common is $37.38. The corporate has a present ratio of 1.35, a fast ratio of 0.97 and a debt-to-equity ratio of 0.57. The corporate has a market capitalization of $14.77 billion, a PE ratio of 10.15 and a beta of 1.05.
Worldwide Paper Dividend Announcement
The enterprise additionally not too long ago disclosed a quarterly dividend, which can be paid on Wednesday, March fifteenth. Stockholders of file on Friday, February seventeenth can be issued a $0.4625 dividend. The ex-dividend date is Thursday, February sixteenth. This represents a $1.85 annualized dividend and a dividend yield of 4.45%. Worldwide Paper’s dividend payout ratio (DPR) is presently 45.45%.
In different information, SVP Thomas J. Plath offered 2,000 shares of the enterprise’s inventory in a transaction dated Wednesday, November thirtieth. The inventory was offered at a median worth of $36.00, for a complete worth of $72,000.00. Following the completion of the transaction, the senior vp now owns 49,953 shares of the corporate’s inventory, valued at roughly $1,798,308. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. Insiders personal 0.42% of the corporate’s inventory.
Institutional Traders Weigh In On Worldwide Paper
A number of giant traders have not too long ago purchased and offered shares of IP. Pictet Asset Administration SA lifted its holdings in Worldwide Paper by 35.7% within the second quarter. Pictet Asset Administration SA now owns 5,057,703 shares of the fundamental supplies firm’s inventory valued at $211,564,000 after buying a further 1,329,598 shares over the last quarter. Greenhaven Associates Inc. lifted its stake in Worldwide Paper by 22.1% in the course of the fourth quarter. Greenhaven Associates Inc. now owns 6,081,825 shares of the fundamental supplies firm’s inventory price $210,614,000 after buying a further 1,099,100 shares within the final quarter. Cowa LLC lifted its stake in Worldwide Paper by 13,649.1% in the course of the first quarter. Cowa LLC now owns 1,002,172 shares of the fundamental supplies firm’s inventory price $463,000 after buying a further 994,883 shares within the final quarter. Prudential Monetary Inc. lifted its stake in Worldwide Paper by 235.6% in the course of the second quarter. Prudential Monetary Inc. now owns 1,313,802 shares of the fundamental supplies firm’s inventory price $54,957,000 after buying a further 922,302 shares within the final quarter. Lastly, First Belief Advisors LP lifted its stake in Worldwide Paper by 117.6% in the course of the first quarter. First Belief Advisors LP now owns 1,591,552 shares of the fundamental supplies firm’s inventory price $73,450,000 after buying a further 860,180 shares within the final quarter. 83.64% of the inventory is at the moment owned by hedge funds and different institutional traders.
About Worldwide Paper
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by means of the next segments: Industrial Packaging, International Cellulose Fibers, and Printing Papers. The Industrial Packaging section is concerned in manufacturing containerboards, which embody linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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