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International Paper investors cheered Tuesday, after the paper and packaging company named an investment advisor as its new CEO, replacing a chief executive whose only experience has been with the company.
Andrew Silvernail will succeed Mark Sutton as CEO on May 1.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
The Zacks Paper and Related Products industry's prospects look upbeat, backed by strong demand on a rise in e-commerce and growing interest in sustainable packaging solutions. Stocks like SUZ, IP, KLBAY and SPPJY are well-poised to gain from these trends.
International Paper's (IP) Q4 earnings decline year on year, reflecting the decline in volumes (barring containerboard) and lower prices.
While the top- and bottom-line numbers for International Paper (IP) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
International Paper (IP) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.87 per share a year ago.
International Paper's (IP) Q4 results are likely to reflect a slight uptick in volumes, which is expected to have been offset by the impact of lower prices and elevated input costs.
Beyond analysts' top -and-bottom-line estimates for International Paper (IP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
International Paper (IP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.