Tag: Truist

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Truist Financial Analysts Boost Earnings Estimates for Belden Inc. (NYSE:BDC)

Belden Inc. (NYSE:BDC) – Equities analysis analysts at Truist Economical upped their Q3 2022 earnings for each share (EPS) estimates for Belden in a observe issued to buyers on Thursday, February 10th. Truist Money analyst W. Stein now anticipates that the industrial products and solutions business will gain $1.36 per share for the quarter, up from their preceding estimate of $1.34. Truist Fiscal also issued estimates for Belden’s Q4 2022 earnings at $1.47 EPS, Q1 2023 earnings at $1.30 EPS, Q2 2023 earnings at $1.40 EPS, Q3 2023 earnings at $1.46 EPS and Q4 2023 earnings at $1.57 EPS. Belden (NYSE:BDC) last posted its earnings outcomes on Wednesday, February 9th. The industrial products firm noted $1.32 earnings for every share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $.05. Belden had a web margin of 5.32{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on fairness of 23.06{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the exact period of time past calendar year, the organization attained $.90 EPS.

A amount of other investigate analysts also not too long ago weighed in on BDC. lifted their target price on shares of Belden from $68.00 to $82.00 and gave the business a “get” rating in a investigation report on Thursday, November 4th. Zacks Financial commitment Investigation downgraded shares of Belden from a “invest in” ranking to a “hold” ranking in a analysis report on Wednesday, January 5th. Just one study analyst has rated the stock with a sell rating, one has assigned a keep rating and two have issued a buy score to the company’s inventory. According to knowledge from MarketBeat, the inventory presently has a consensus score of “Maintain” and a consensus focus on rate of $65.00.

Shares of NYSE:BDC opened at $56.15 on Friday. The organization has a industry cap of $2.52 billion, a cost-to-earnings ratio of 21.03 and a beta of 1.39. Belden has a 12 month lower of $40.66 and a 12 month large of $68.87. The company’s fifty working day straightforward transferring normal is $60.78 and its 200 day very simple going normal is $59.56. The organization has a speedy ratio of 1.54, a existing ratio of 2.04 and a debt-to-equity ratio of 1.58.

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Hedge funds have a short while ago designed alterations to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new situation in shares of Belden in the 2nd quarter valued at about $44,000. Fifth Third Bancorp obtained a new position in Belden all through the 3rd quarter well worth somewhere around $49,000. Pinebridge Investments L.P. bought a new stake in Belden all through the 4th quarter well worth approximately $59,000. Industrial Alliance Investment decision Management Inc. purchased a new stake in Belden through the 4th quarter value around $102,000. Last but not least, United states of america Economical Portformulas Corp acquired a new stake in Belden during the 4th quarter really worth about $124,000. 98.82{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is owned by institutional buyers and hedge money.

The company also a short while ago disclosed a quarterly dividend, which was compensated on Thursday, January 6th. Stockholders of record on Friday, December 17th have been supplied a $.05 dividend. This represents a $.20 dividend on an annualized foundation and a dividend generate of .36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date was Thursday, December 16th. Belden’s dividend payout ratio (DPR) is presently 7.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Belden

Belden, Inc engages in the provision of innovative sign transmission remedies. It operates by way of the Organization Methods and Industrial Answers segments. The Company Answers segment features community infrastructure alternatives, as properly as cabling and connectivity alternatives for broadcast, commercial audio/movie, and safety programs.

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Truist Financial Analysts Reduce Earnings Estimates for Sunstone Hotel Investors, Inc. (NYSE:SHO)

Sunstone Hotel Investors, Inc. (NYSE:SHO) – Stock analysts at Truist Financial decreased their Q1 2022 earnings per share estimates for shares of Sunstone Hotel Investors in a research note issued to investors on Thursday, February 10th. Truist Financial analyst P. Scholes now expects that the real estate investment trust will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.13. Truist Financial currently has a “Hold” rating and a $12.00 target price on the stock. Truist Financial also issued estimates for Sunstone Hotel Investors’ Q1 2023 earnings at $0.15 EPS.

SHO has been the subject of a number of other research reports. Bank of America cut Sunstone Hotel Investors from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $14.00 to $12.00 in a report on Monday, January 10th. Wells Fargo & Company raised their price objective on shares of Sunstone Hotel Investors from $11.50 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, October 18th. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, October 22nd. TheStreet upgraded shares of Sunstone Hotel Investors from a “d+” rating to a “c” rating in a research report on Tuesday, November 9th. Finally, Morgan Stanley upgraded shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $14.00 in a research report on Tuesday, January 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.00.

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SHO stock opened at $11.71 on Friday. The business’s fifty day moving average is $11.44 and its 200-day moving average is $11.74. The company has a market cap of $2.57 billion, a P/E ratio of -15.82 and a beta of 1.29. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.37. Sunstone Hotel Investors has a twelve month low of $10.27 and a twelve month high of $13.91.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its stake in shares of Sunstone Hotel Investors by 4.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Thrivent Financial for Lutherans now owns 3,261,160 shares of the real estate investment trust’s stock worth $40,503,000 after purchasing an additional 128,358 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Sunstone Hotel Investors by 56.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Allianz Asset Management GmbH now owns 634,476 shares of the real estate investment trust’s stock worth $7,576,000 after purchasing an additional 229,844 shares during the last quarter. Ziegler Capital Management LLC grew its stake in shares of Sunstone Hotel Investors by 184.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Ziegler Capital Management LLC now owns 1,175,245 shares of the real estate investment trust’s stock worth $14,032,000 after purchasing an additional 762,682 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Sunstone Hotel Investors by 125.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. William Blair Investment Management LLC now owns 2,784,278 shares of the real estate investment trust’s stock worth $33,244,000 after purchasing an additional 1,548,813 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Sunstone Hotel Investors by 14.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. State of New Jersey Common Pension Fund D now owns 389,520 shares of the real estate investment trust’s stock worth $4,650,000 after purchasing an additional 49,037 shares during the last quarter. 96.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Douglas M. Pasquale acquired 9,000 shares of the stock in a transaction on Wednesday, December 15th. The stock was acquired at an average cost of $10.63 per share, for a total transaction of $95,670.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by insiders.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a real estate investment trust, which engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. It operates under the following brands: Marriott, Hilton, and Hyatt. The company was founded by Robert A. Alter in 1995 and is headquartered in Irvine, CA.

Further Reading

Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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Truist Financial Analysts Cut Earnings Estimates for Hilton Worldwide Holdings Inc. (NYSE:HLT)

Hilton Worldwide Holdings Inc. (NYSE:HLT) – Analysts at Truist Financial lowered their FY2021 earnings per share (EPS) estimates for shares of Hilton Worldwide in a research report issued to clients and investors on Thursday, February 10th. Truist Financial analyst P. Scholes now expects that the company will post earnings per share of $2.05 for the year, down from their previous forecast of $2.30. Truist Financial currently has a “Hold” rating and a $139.00 price target on the stock. Truist Financial also issued estimates for Hilton Worldwide’s Q4 2022 earnings at $1.28 EPS.

Other research analysts have also recently issued reports about the stock. Loop Capital upped their price objective on shares of Hilton Worldwide from $140.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 2nd. Raymond James restated an “outperform” rating and issued a $160.00 price objective (up from $148.00) on shares of Hilton Worldwide in a research report on Monday, January 3rd. Bernstein Bank cut shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 price target on the stock. in a research report on Monday, January 10th. Jefferies Financial Group increased their price target on shares of Hilton Worldwide from $159.00 to $169.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Finally, BMO Capital Markets increased their price target on shares of Hilton Worldwide from $135.00 to $144.00 and gave the company a “market perform” rating in a research report on Thursday, October 28th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $145.13.

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NYSE HLT opened at $154.20 on Friday. The firm’s 50-day simple moving average is $147.42 and its two-hundred day simple moving average is $139.11. The company has a market cap of $42.98 billion, a PE ratio of 1,186.15 and a beta of 1.27. Hilton Worldwide has a 52 week low of $108.50 and a 52 week high of $159.21.

In related news, insider Matthew W. Schuyler sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 15th. The stock was sold at an average price of $139.33, for a total value of $417,990.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 9,000 shares of company stock valued at $1,283,850 in the last ninety days. 2.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HLT. Covestor Ltd bought a new position in shares of Hilton Worldwide during the fourth quarter valued at $25,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Hilton Worldwide in the 2nd quarter worth about $34,000. Concord Wealth Partners increased its holdings in Hilton Worldwide by 93.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Concord Wealth Partners now owns 222 shares of the company’s stock worth $35,000 after buying an additional 107 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Hilton Worldwide by 154.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Parkside Financial Bank & Trust now owns 272 shares of the company’s stock worth $36,000 after buying an additional 165 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in Hilton Worldwide in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 96.04{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.

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Earnings History and Estimates for Hilton Worldwide (NYSE:HLT)

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Truist Financial Analysts Raise Earnings Estimates for Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Investment analysts at Truist Financial boosted their FY2022 EPS estimates for Amazon.com in a report issued on Thursday, February 3rd. Truist Financial analyst Y. Squali now expects that the e-commerce giant will earn $50.16 per share for the year, up from their prior forecast of $48.42. Truist Financial has a “Buy” rating and a $4,000.00 price objective on the stock. Truist Financial also issued estimates for Amazon.com’s FY2024 earnings at $135.33 EPS, FY2025 earnings at $190.66 EPS and FY2026 earnings at $250.93 EPS.

A number of other research analysts have also issued reports on the company. Guggenheim assumed coverage on Amazon.com in a report on Tuesday, November 23rd. They issued a “buy” rating and a $4,300.00 target price for the company. Credit Suisse Group lifted their target price on Amazon.com from $4,000.00 to $4,100.00 and gave the company an “outperform” rating in a report on Friday, February 4th. UBS Group lifted their target price on Amazon.com from $4,550.00 to $4,625.00 and gave the company a “buy” rating in a report on Friday, February 4th. Evercore ISI assumed coverage on Amazon.com in a report on Tuesday, December 21st. They issued an “outperform” rating for the company. Finally, Morgan Stanley lifted their target price on Amazon.com from $4,000.00 to $4,200.00 and gave the company an “overweight” rating in a report on Tuesday, January 11th. One research analyst has rated the stock with a hold rating and thirty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $4,191.56.

AMZN opened at $3,228.27 on Monday. Amazon.com has a 52 week low of $2,707.04 and a 52 week high of $3,773.08. The business has a fifty day simple moving average of $3,247.78 and a 200-day simple moving average of $3,352.64. The firm has a market cap of $1.64 trillion, a P/E ratio of 49.83, a P/E/G ratio of 2.60 and a beta of 1.13. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 3rd. The e-commerce giant reported $27.75 EPS for the quarter, topping the consensus estimate of $3.57 by $24.18. Amazon.com had a return on equity of 29.55{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 7.10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter last year, the company earned $14.09 earnings per share.

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In other Amazon.com news, SVP David Zapolsky sold 139 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $3,564.72, for a total value of $495,496.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 34 shares of Amazon.com stock in a transaction that occurred on Thursday, December 2nd. The shares were sold at an average price of $3,460.00, for a total value of $117,640.00. The disclosure for this sale can be found here. Insiders sold a total of 3,580 shares of company stock worth $12,761,069 in the last ninety days. 14.00{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. South Dakota Investment Council boosted its stake in shares of Amazon.com by 33.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. South Dakota Investment Council now owns 36,953 shares of the e-commerce giant’s stock worth $123,214,000 after acquiring an additional 9,346 shares in the last quarter. West Bancorporation Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $707,000. Advisory Resource Group boosted its stake in shares of Amazon.com by 10.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. Advisory Resource Group now owns 314 shares of the e-commerce giant’s stock worth $939,000 after acquiring an additional 29 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $2,178,000. Finally, Lauterbach Financial Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $403,000. 56.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Amazon.com right now?

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Truist Financial Analysts Boost Earnings Estimates for Western Alliance Bancorporation (NYSE:WAL)

Western Alliance Bancorporation (NYSE:WAL) – Equities analysis analysts at Truist Economic lifted their Q4 2022 earnings estimates for Western Alliance Bancorporation in a exploration take note issued on Tuesday, February 1st. Truist Economical analyst B. King now forecasts that the financial solutions supplier will get paid $2.63 for each share for the quarter, up from their former forecast of $2.59. Truist Monetary at the moment has a “Purchase” rating and a $140.00 goal value on the inventory.

Several other analysts also just lately commented on the enterprise. Zacks Expense Investigation downgraded Western Alliance Bancorporation from a “purchase” score to a “keep” ranking in a research take note on Wednesday. Wells Fargo & Enterprise lower their goal value on Western Alliance Bancorporation from $150.00 to $135.00 and established an “overweight” score for the firm in a investigate take note on Tuesday, January 4th. Jefferies Economical Team increased their concentrate on selling price on Western Alliance Bancorporation from $116.00 to $131.00 and gave the stock a “acquire” ranking in a investigate notice on Monday, October 11th. TheStreet raised Western Alliance Bancorporation from a “c+” score to a “b-” score in a exploration notice on Thursday, Oct 7th. Eventually, Lender of The us started protection on Western Alliance Bancorporation in a research note on Monday, October 18th. They set a “get” ranking and a $150.00 concentrate on rate for the company. Two analysts have rated the inventory with a hold rating and eight have assigned a get score to the company. In accordance to information from MarketBeat, the inventory has an normal score of “Purchase” and an regular goal price of $122.55.

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WAL opened at $98.80 on Thursday. The company has a 50 day moving common cost of $109.92 and a two-hundred working day going ordinary rate of $107.01. The company has a quick ratio of .78, a present-day ratio of .93 and a credit card debt-to-equity ratio of .49. The business has a current market cap of $10.30 billion, a PE ratio of 11.40, a P/E/G ratio of .35 and a beta of 1.52. Western Alliance Bancorporation has a 52 week low of $70.69 and a 52 7 days superior of $124.93. Western Alliance Bancorporation (NYSE:WAL) past introduced its earnings effects on Thursday, January 27th. The financial services provider described $2.32 earnings for every share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $.02. The organization had profits of $561.00 million during the quarter, as opposed to analysts’ anticipations of $562.46 million. Western Alliance Bancorporation experienced a return on fairness of 22.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a internet margin of 43.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s revenue was up 65.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a calendar year-in excess of-calendar year foundation. Throughout the same period in the prior 12 months, the organization attained $1.93 EPS.

Various hedge funds and other institutional investors have not too long ago modified their holdings of WAL. Countrywide Bank of Canada FI bought a new stake in Western Alliance Bancorporation in the course of the fourth quarter value somewhere around $46,000. Quadrant Cash Team LLC grew its holdings in shares of Western Alliance Bancorporation by 34.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} through the 4th quarter. Quadrant Money Team LLC now owns 559 shares of the monetary products and services provider’s inventory valued at $60,000 immediately after getting an additional 144 shares in the past quarter. Advisory Services Community LLC acquired a new place in shares of Western Alliance Bancorporation during the 2nd quarter valued at $59,000. JTC Employer Remedies Trustee Ltd bought a new posture in shares of Western Alliance Bancorporation through the 3rd quarter valued at $69,000. Eventually, Spectrum Management Team LLC bought a new place in shares of Western Alliance Bancorporation in the course of the 3rd quarter valued at $74,000. Institutional buyers and hedge cash very own 86.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the firm’s inventory.

In other information, CEO Kenneth Vecchione purchased 5,000 shares of the business’s inventory in a transaction that happened on Monday, January 31st. The shares had been acquired at an regular charge of $97.81 for each share, with a overall worth of $489,050.00. The acquisition was disclosed in a doc submitted with the SEC, which is obtainable at the SEC site. 2.81{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by business insiders.

Western Alliance Bancorporation Firm Profile

Western Alliance Bancorp is a financial institution keeping enterprise, which engages in the provision of deposit, lending, treasury management, global banking, and on the web banking products and solutions and products and services. It operates by means of the following enterprise segments: Business Consumer Related, and Company and Other. The Commercial section focuses in delivering business banking and treasury administration goods and services to tiny and middle-sector corporations, specialized banking expert services to sophisticated business institutions and traders in market industries, as properly as economical expert services to the genuine estate industry.

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Earnings History and Estimates for Western Alliance Bancorporation (NYSE:WAL)

This immediate information notify was produced by narrative science technological know-how and financial details from MarketBeat in order to offer viewers with the swiftest and most precise reporting. This tale was reviewed by MarketBeat’s editorial team prior to publication. You should mail any concerns or opinions about this story to [email protected]

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Truist Financial Analysts Increase Earnings Estimates for International Paper (NYSE:IP)

International Paper (NYSE:IP) – Truist Financial lifted their Q1 2022 earnings estimates for International Paper in a research note issued to investors on Monday, January 31st. Truist Financial analyst M. Roxland now anticipates that the basic materials company will post earnings of $0.60 per share for the quarter, up from their prior estimate of $0.56. Truist Financial has a “Hold” rating and a $50.00 price objective on the stock. Truist Financial also issued estimates for International Paper’s FY2022 earnings at $4.45 EPS, FY2023 earnings at $5.35 EPS and FY2024 earnings at $5.80 EPS. International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, January 27th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.11). International Paper had a return on equity of 17.83{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 8.04{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue for the quarter was down 2.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

IP has been the subject of a number of other reports. Wells Fargo & Company reduced their price objective on shares of International Paper from $78.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, January 12th. Royal Bank of Canada boosted their price target on shares of International Paper from $53.00 to $57.00 and gave the company a “sector perform” rating in a research report on Thursday, October 28th. Citigroup reduced their price target on shares of International Paper from $59.00 to $53.00 in a research report on Tuesday, January 4th. KeyCorp reduced their price target on shares of International Paper from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Friday, January 28th. Finally, Exane BNP Paribas lowered shares of International Paper from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report on Tuesday, October 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.60.

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International Paper stock opened at $48.05 on Wednesday. International Paper has a 1-year low of $43.87 and a 1-year high of $65.27. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 10.80 and a beta of 0.93. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $47.16 and a 200 day simple moving average of $52.55.

International Paper announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to reacquire up to 9.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 15th. Stockholders of record on Friday, February 18th will be paid a $0.4625 dividend. The ex-dividend date is Thursday, February 17th. This represents a $1.85 annualized dividend and a dividend yield of 3.85{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. International Paper’s dividend payout ratio is presently 41.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Several hedge funds and other institutional investors have recently modified their holdings of the company. D Orazio & Associates Inc. bought a new position in International Paper in the third quarter worth approximately $25,000. TCI Wealth Advisors Inc. increased its stake in shares of International Paper by 211.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. TCI Wealth Advisors Inc. now owns 467 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Lloyd Advisory Services LLC. grew its stake in International Paper by 107.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Lloyd Advisory Services LLC. now owns 492 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. Activest Wealth Management purchased a new position in shares of International Paper in the 2nd quarter worth $29,000. Finally, Canton Hathaway LLC grew its stake in shares of International Paper by 85.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Canton Hathaway LLC now owns 555 shares of the basic materials company’s stock worth $31,000 after buying an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 81.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment is involved in manufacturing containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Earnings History and Estimates for International Paper (NYSE:IP)

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