$792.10 Million in Sales Expected for Kapstone (KS) This Quarter

Brokerages expect Kapstone (NYSE:KS) to post $792.10 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Kapstone’s earnings. The highest sales estimate is $794.93 million and the lowest is $789.27 million. Kapstone posted sales of $765.84 million in the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The firm is scheduled to report its next earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Kapstone will report full year sales of $792.10 million for the current year, with estimates ranging from $3.25 billion to $3.50 billion. For the next year, analysts anticipate that the business will report sales of $3.48 billion per share, with estimates ranging from $3.30 billion to $3.66 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Kapstone.

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Kapstone (NYSE:KS) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $834.23 million. Kapstone had a return on equity of 13.31% and a net margin of 7.34%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS.

A number of brokerages recently weighed in on KS. ValuEngine upgraded Kapstone from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. DA Davidson cut Kapstone from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. Deutsche Bank cut Kapstone from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research note on Thursday, February 8th. Royal Bank of Canada cut Kapstone from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $30.00 to $35.00 in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised Kapstone from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Kapstone presently has a consensus rating of “Hold” and a consensus target price of $30.71.

Large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado acquired a new position in Kapstone during the 4th quarter valued at about $134,000. SG Americas Securities LLC acquired a new position in Kapstone during the 3rd quarter valued at about $188,000. Raymond James Financial Services Advisors Inc. acquired a new position in Kapstone during the 4th quarter valued at about $214,000. Gotham Asset Management LLC acquired a new position in Kapstone during the 4th quarter valued at about $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Kapstone during the 3rd quarter valued at about $239,000. 84.85% of the stock is currently owned by institutional investors.

Shares of NYSE KS opened at $34.38 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.21. The firm has a market cap of $3,358.67, a P/E ratio of 26.05, a P/E/G ratio of 1.32 and a beta of 3.02. Kapstone has a 1-year low of $19.59 and a 1-year high of $35.01.

The firm also recently announced a None dividend, which will be paid on Wednesday, April 11th. Investors of record on Wednesday, March 28th will be given a dividend of $0.10 per share. This represents a yield of 1.14%. The ex-dividend date is Tuesday, March 27th. Kapstone’s dividend payout ratio is currently 30.30%.

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About Kapstone

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

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