Equities research analysts forecast that KapStone Paper and Packaging Corp. (NYSE:KS) will post $828.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for KapStone Paper and Packaging’s earnings, with estimates ranging from $769.00 million to $867.93 million. KapStone Paper and Packaging reported sales of $777.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.6%. The business is scheduled to issue its next earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that KapStone Paper and Packaging will report full year sales of $828.61 million for the current year, with estimates ranging from $3.23 billion to $3.32 billion. For the next year, analysts forecast that the company will post sales of $3.40 billion per share, with estimates ranging from $3.24 billion to $3.55 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover KapStone Paper and Packaging.
KapStone Paper and Packaging (NYSE:KS) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The firm had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. KapStone Paper and Packaging’s quarterly revenue was up 11.8% compared to the same quarter last year.
Several brokerages have weighed in on KS. TheStreet upgraded KapStone Paper and Packaging from a “c+” rating to a “b-” rating in a report on Monday, January 8th. Stephens set a $30.00 target price on KapStone Paper and Packaging and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded KapStone Paper and Packaging from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. KapStone Paper and Packaging currently has a consensus rating of “Buy” and an average target price of $26.63.
Shares of KapStone Paper and Packaging (NYSE:KS) opened at $25.98 on Friday. KapStone Paper and Packaging has a 1-year low of $19.59 and a 1-year high of $26.47. The firm has a market capitalization of $2,520.00, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 1.27 and a beta of 2.76. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, December 28th. KapStone Paper and Packaging’s dividend payout ratio (DPR) is currently 53.33%.
In related news, Director John Chapman sold 70,765 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the transaction, the director now directly owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the transaction, the vice president now directly owns 157,336 shares in the company, valued at $3,296,189.20. The disclosure for this sale can be found here. Corporate insiders own 13.09% of the company’s stock.
A number of large investors have recently made changes to their positions in KS. Victory Capital Management Inc. increased its position in KapStone Paper and Packaging by 25,123.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock valued at $27,888,000 after buying an additional 1,292,605 shares in the last quarter. Point72 Asset Management L.P. increased its position in KapStone Paper and Packaging by 51.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company’s stock valued at $72,225,000 after buying an additional 1,148,963 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in KapStone Paper and Packaging during the 2nd quarter valued at about $14,866,000. Emerald Advisers Inc. PA acquired a new position in KapStone Paper and Packaging during the 3rd quarter valued at about $9,167,000. Finally, Voya Investment Management LLC increased its position in KapStone Paper and Packaging by 23.3% during the 2nd quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock valued at $38,276,000 after buying an additional 351,094 shares in the last quarter. 86.08% of the stock is currently owned by institutional investors.
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About KapStone Paper and Packaging
KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.
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