KapStone Paper & Packaging Corp. (KS) Posts Quarterly Earnings, Beats Estimates By $0.13 EPS
KapStone Paper & Packaging Corp. (NYSE:KS) released its earnings data on Thursday. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.13, American Banking & Market News reports. The company had revenue of $539.00 million for the quarter, compared to the consensus estimate of $534.96 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 74.1% on a year-over-year basis.
Shares of KapStone Paper & Packaging Corp. (NYSE:KS) opened at 45.67 on Thursday. KapStone Paper & Packaging Corp. has a 1-year low of $18.90 and a 1-year high of $46.09. The stock has a 50-day moving average of $44.94 and a 200-day moving average of $39.18. The company has a market cap of $2.177 billion and a P/E ratio of 32.22.
A number of analysts have recently weighed in on KS shares. Analysts at Zacks downgraded shares of KapStone Paper & Packaging Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $51.40 price target on the stock. On the ratings front, analysts at KeyCorp raised their price target on shares of KapStone Paper & Packaging Corp. from $43.00 to $52.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at BMO Capital Markets raised their price target on shares of KapStone Paper & Packaging Corp. from $50.00 to $52.00 in a research note to investors on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. KapStone Paper & Packaging Corp. presently has a consensus rating of “Buy” and an average target price of $49.35.
KapStone Paper and Packaging Corporation (NYSE:KS) is an integrated manufacture and sale of unbleached kraft paper and corrugated products for industrial and consumer markets.
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