$0.38 Earnings Per Share Expected for KapStone Paper and Packaging Corp. (KS) This Quarter

Wall Street brokerages expect KapStone Paper and Packaging Corp. (NYSE:KS) to post $0.38 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for KapStone Paper and Packaging’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.41. KapStone Paper and Packaging posted earnings per share of $0.24 in the same quarter last year, which would indicate a positive year over year growth rate of 58.3%. The business is expected to issue its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that KapStone Paper and Packaging will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.23. For the next financial year, analysts forecast that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.27 to $1.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover KapStone Paper and Packaging.

KapStone Paper and Packaging (NYSE:KS) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $868.42 million for the quarter, compared to analysts’ expectations of $839.36 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis.

Several analysts have recently weighed in on KS shares. TheStreet raised KapStone Paper and Packaging from a “c+” rating to a “b-” rating in a report on Monday, January 8th. Royal Bank of Canada reissued a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging in a report on Friday, October 27th. ValuEngine raised KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Citigroup boosted their target price on KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Stephens set a $30.00 target price on KapStone Paper and Packaging and gave the company a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. KapStone Paper and Packaging presently has a consensus rating of “Buy” and an average target price of $26.63.

In other KapStone Paper and Packaging news, Director John Chapman sold 70,765 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 445,056 shares in the company, valued at approximately $9,257,164.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total value of $680,581.70. Following the transaction, 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. Insiders own 13.09% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in KapStone Paper and Packaging by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 771 shares during the period. Public Employees Retirement System of Ohio increased its position in KapStone Paper and Packaging by 4.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 239 shares during the period. SG Americas Securities LLC acquired a new position in KapStone Paper and Packaging during the 3rd quarter worth approximately $188,000. Riverhead Capital Management LLC increased its position in KapStone Paper and Packaging by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 3,864 shares during the period. Finally, Flinton Capital Management LLC increased its position in KapStone Paper and Packaging by 75.3% during the 2nd quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 3,842 shares during the period. Institutional investors own 86.08% of the company’s stock.

KapStone Paper and Packaging (KS) traded down $0.26 during trading on Thursday, hitting $25.98. The stock had a trading volume of 938,890 shares, compared to its average volume of 667,888. KapStone Paper and Packaging has a fifty-two week low of $19.59 and a fifty-two week high of $26.47. 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 stock has a market cap of $2,518.94, a P/E ratio of 34.64, a P/E/G ratio of 1.25 and a beta of 2.77.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a 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 presently 53.33%.

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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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