Company Update: International Paper Company (NYSE:IP) – International Paper to Release Second-Quarter 2016 Earnings On July 28

[PR Newswire] – MEMPHIS, Tenn., June 30, 2016 /PRNewswire/ — International Paper (NYSE: IP) will release second-quarter 2016 earnings on Thursday, July 28, 2016 before the opening of the New York Stock Exchange. The … Read more on this. International Paper Company (IP) , with a current value of $17.39B, opened this morning at $41.31. During today’s session, IP traded between $40.99 to $42.30 with the price of the stock fluctuating between $32.50 to $49.49 over the last 52 weeks. IP shares are currently priced at 11.90x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.08x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.76 per share annually in dividends, yielding 4.25%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.84 per share, which would be $0.13 worse than the year-ago quarter and a $0.02 sequential increase. Investors should also note that the full-year EPS estimate of $3.46 is a $0.19 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.32 Billion. If reported, that would be a 6.83% decrease over the year-ago quarter. Recently, Jefferies downgraded IP from Buy to Hold (May 3, 2016). Previously, Credit Suisse downgraded IP from Outperform to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $46.47, which is 12.49% above where the stock opened this morning. See more in (NYSE:IP) Similar Articles: Stock Update: International Paper Company (NYSE:IP) – International Paper Reports First Quarter 2016 Earnings Company Update (NYSE:IP): International Paper to Release First-Quarter 2016 Earnings On April 27 Company Update: International Paper Company (NYSE:IP) – International Paper Reports 2015 Fourth Quarter and Full-Year Earnings