Headlines about KapStone Paper and Packaging (NYSE:KS) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. KapStone Paper and Packaging earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.8527807055233 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
KapStone Paper and Packaging (KS) traded down $0.05 during trading hours on Friday, reaching $34.60. 2,896,282 shares of the company’s stock were exchanged, compared to its average volume of 2,693,325. 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 firm has a market capitalization of $3,350.00, a PE ratio of 46.13, a price-to-earnings-growth ratio of 1.62 and a beta of 3.18. KapStone Paper and Packaging has a 1-year low of $19.59 and a 1-year high of $34.94.
KapStone Paper and Packaging (NYSE:KS) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $868.42 million during the quarter, compared to analyst estimates of $839.36 million. KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. research analysts forecast that KapStone Paper and Packaging will post 1.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, December 28th. KapStone Paper and Packaging’s dividend payout ratio is currently 53.33%.
KS has been the subject of several analyst reports. ValuEngine raised shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. Stephens initiated coverage on shares of KapStone Paper and Packaging in a research note on Tuesday, October 24th. They set an “overweight” rating and a $28.00 price target for the company. Zacks Investment Research raised shares of KapStone Paper and Packaging from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets lowered their target price on shares of KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. KapStone Paper and Packaging has an average rating of “Hold” and a consensus target price of $29.63.
In related news, VP Andrea K. Tarbox sold 32,486 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Chapman sold 70,765 shares of the business’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 owns 445,056 shares in the company, valued at $9,257,164.80. The disclosure for this sale can be found here. 13.09% of the stock is owned by company insiders.
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KapStone Paper and Packaging Company Profile
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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