Worldwide Paper (NYSE:IP – Get Ranking) – Funding analysts at Zacks Analysis lowered their Q1 2023 EPS estimates for Worldwide Paper in a analysis word issued on Tuesday, February 14th. Zacks Analysis analyst M. Das now forecasts that the fundamental supplies firm will earn $0.64 per share for the quarter, down from their earlier forecast of $0.71. The consensus estimate for Worldwide Paper’s present full-year earnings is $2.83 per share. Zacks Analysis additionally issued estimates for Worldwide Paper’s Q1 2024 earnings at $0.56 EPS, Q2 2024 earnings at $0.55 EPS and FY2025 earnings at $2.19 EPS.
Worldwide Paper (NYSE:IP – Get Ranking) final posted its quarterly earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.18. The agency had income of $5.13 billion through the quarter, in comparison with analyst estimates of $5.20 billion. Worldwide Paper had a internet margin of seven.11% and a return on fairness of 15.81%. The corporate’s quarterly income was up .9% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the enterprise posted $0.78 earnings per share.
A number of different analysts have additionally weighed in on IP. BMO Capital Markets dropped their value goal on shares of Worldwide Paper from $60.00 to $50.00 in a report on Friday, October twenty eighth. Truist Monetary raised their value goal on shares of Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” ranking in a report on Wednesday, February 1st. Wells Fargo & Firm raised their value goal on shares of Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” ranking in a report on Wednesday, February 1st. Citigroup elevated their value goal on shares of Worldwide Paper from $36.00 to $44.00 and gave the corporate a “impartial” ranking in a analysis word on Thursday, February 2nd. Lastly, Royal Financial institution of Canada elevated 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 analysis word on Wednesday, February 1st. Three equities analysis analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and two have assigned a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, Worldwide Paper has a mean ranking of “Maintain” and a consensus goal value of $38.82.
Worldwide Paper Inventory Efficiency
NYSE IP opened at $38.64 on Friday. The agency has a market cap of $13.74 billion, a price-to-earnings ratio of 9.49 and a beta of 1.05. The corporate has a 50 day shifting common of $37.28 and a 200-day shifting common of $37.19. The corporate has a present ratio of 1.35, a fast ratio of 0.97 and a debt-to-equity ratio of 0.57. Worldwide Paper has a 1-year low of $30.69 and a 1-year excessive of $50.23.
Hedge Funds Weigh In On Worldwide Paper
Numerous hedge funds and different institutional traders have just lately purchased and offered shares of IP. Martingale Asset Administration L P purchased a brand new place in shares of Worldwide Paper through the second quarter value $1,936,000. IFM Traders Pty Ltd boosted its place in shares of Worldwide Paper by 5.5% through the third quarter. IFM Traders Pty Ltd now owns 63,370 shares of the fundamental supplies firm’s inventory value $2,009,000 after buying an extra 3,277 shares within the final quarter. Fifth Third Bancorp boosted its place in shares of Worldwide Paper by 16.1% through the second quarter. Fifth Third Bancorp now owns 9,078 shares of the fundamental supplies firm’s inventory value $380,000 after buying an extra 1,256 shares within the final quarter. Kentucky Retirement Methods Insurance coverage Belief Fund boosted its place in shares of Worldwide Paper by 10.8% through the second quarter. Kentucky Retirement Methods Insurance coverage Belief Fund now owns 12,663 shares of the fundamental supplies firm’s inventory value $530,000 after buying an extra 1,232 shares within the final quarter. Lastly, Greenleaf Belief boosted its place in shares of Worldwide Paper by 8.9% through the second quarter. Greenleaf Belief now owns 11,199 shares of the fundamental supplies firm’s inventory value $468,000 after buying an extra 912 shares within the final quarter. 83.64% of the inventory is owned by institutional traders.
Insider Shopping for and Promoting at Worldwide Paper
In different Worldwide Paper information, SVP Thomas J. Plath offered 2,000 shares of the agency’s inventory in a transaction that occurred on Wednesday, November thirtieth. The shares have been offered at a mean value of $36.00, for a complete worth of $72,000.00. Following the transaction, the senior vice chairman now instantly owns 49,953 shares of the corporate’s inventory, valued at $1,798,308. The sale was disclosed in a authorized submitting with the SEC, which is offered by this hyperlink. Insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which will probably be paid on Wednesday, March fifteenth. Shareholders of file on Friday, February seventeenth will probably be paid a $0.4625 dividend. The ex-dividend date is Thursday, February sixteenth. This represents a $1.85 dividend on an annualized foundation and a yield of 4.79%. Worldwide Paper’s payout ratio is presently 45.45%.
About Worldwide Paper
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by the next segments: Industrial Packaging, International Cellulose Fibers, and Printing Papers. The Industrial Packaging section is concerned in manufacturing containerboards, which embrace linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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