KapStone Paper and Packaging Corp. (NYSE:KS) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.10 per share by the basic materials company on Friday, January 12th. This represents a $0.40 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 28th.
KapStone Paper and Packaging has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KapStone Paper and Packaging to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.6%.
Shares of KapStone Paper and Packaging (NYSE KS) opened at $25.58 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 2.07. The company has a market capitalization of $2,460.00, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 1.22 and a beta of 2.76. KapStone Paper and Packaging has a one year low of $19.59 and a one year high of $25.72.
KapStone Paper and Packaging (NYSE:KS) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The company had revenue of $868.42 million for the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. equities research analysts predict that KapStone Paper and Packaging will post 1.11 earnings per share for the current year.
In other KapStone Paper and Packaging news, Director John Chapman sold 70,765 shares of the stock in a transaction on 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 sale, the director now owns 445,056 shares in the company, valued at approximately $9,257,164.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the sale, the vice president now owns 157,336 shares in the company, valued at approximately $3,296,189.20. The disclosure for this sale can be found here. Corporate insiders own 13.09% of the company’s stock.
KS has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $27.00 target price on shares of KapStone Paper and Packaging in a research note on Friday, October 27th. ValuEngine raised KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Citigroup increased their target price on KapStone Paper and Packaging from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research raised KapStone Paper and Packaging from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, KeyCorp reissued a “hold” rating on shares of KapStone Paper and Packaging in a research note on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. KapStone Paper and Packaging currently has an average rating of “Buy” and an average target price of $26.38.
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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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