Equities analysts expect Kapstone (NYSE:KS) to report earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kapstone’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.30. Kapstone reported earnings of $0.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 133.3%. The company is expected to report its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Kapstone will report full-year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.97. For the next year, analysts forecast that the company will report earnings of $2.11 per share, with EPS estimates ranging from $1.99 to $2.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Kapstone.
Kapstone (NYSE:KS) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.39 by $0.12. Kapstone had a return on equity of 13.31% and a net margin of 7.34%. The company had revenue of $859.00 million for the quarter, compared to analysts’ expectations of $834.23 million. During the same period last year, the firm posted $0.24 earnings per share. Kapstone’s revenue was up 10.6% compared to the same quarter last year.
Several equities research analysts recently commented on KS shares. TheStreet raised Kapstone from a “c+” rating to a “b-” rating in a research report on Monday, January 8th. ValuEngine raised Kapstone from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $30.00 price objective on shares of Kapstone in a research report on Thursday, January 25th. Zacks Investment Research raised Kapstone from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, January 31st. Finally, Stephens set a $30.00 price objective on Kapstone and gave the company a “buy” rating in a research report on Wednesday, January 10th. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.71.
Kapstone stock opened at $34.38 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.21 and a current ratio of 1.96. Kapstone has a one year low of $19.59 and a one year high of $35.01. The firm has a market cap of $3,347.96, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 1.31 and a beta of 3.02.
The company also recently announced a None dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Wednesday, March 28th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a yield of 1.14%. Kapstone’s payout ratio is 30.30%.
A number of large investors have recently made changes to their positions in KS. Millennium Management LLC boosted its position in Kapstone by 165.9% in the fourth quarter. Millennium Management LLC now owns 3,001,830 shares of the basic materials company’s stock worth $68,112,000 after purchasing an additional 1,872,710 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Kapstone by 51.9% in the third quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company’s stock worth $72,225,000 after purchasing an additional 1,148,963 shares during the last quarter. Rovida Advisors Inc. purchased a new position in Kapstone in the fourth quarter worth about $8,509,000. WINTON GROUP Ltd boosted its position in Kapstone by 173.4% in the fourth quarter. WINTON GROUP Ltd now owns 262,338 shares of the basic materials company’s stock worth $5,952,000 after purchasing an additional 166,401 shares during the last quarter. Finally, Heartland Advisors Inc. purchased a new position in Kapstone in the fourth quarter worth about $3,728,000. 84.86% of the stock is currently owned by institutional investors and hedge funds.
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Kapstone Company Profile
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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