Wall Street analysts expect KapStone Paper and Packaging Corporation (NYSE:KS) to post sales of $842.28 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for KapStone Paper and Packaging Corporation’s earnings, with estimates ranging from $792.60 million to $873.40 million. KapStone Paper and Packaging Corporation reported sales of $776.64 million in the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The business is expected to issue its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that KapStone Paper and Packaging Corporation will report full year sales of $842.28 million for the current financial year, with estimates ranging from $3.19 billion to $3.32 billion. For the next year, analysts forecast that the business will post sales of $3.37 billion per share, with estimates ranging from $3.20 billion to $3.51 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for KapStone Paper and Packaging Corporation.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The business had revenue of $822.70 million for the quarter, compared to the consensus estimate of $831.52 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis.

A number of brokerages have recently commented on KS. Citigroup Inc. began coverage on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday. They issued a “buy” rating and a $25.00 target price for the company. Zacks Investment Research cut shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 29th. BidaskClub upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, July 18th. Finally, ValuEngine cut shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.14.

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the vice president now owns 47,404 shares of the company’s stock, valued at $1,137,696. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 13.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KS. BlackRock Inc. raised its position in KapStone Paper and Packaging Corporation by 53,613.8% in the first quarter. BlackRock Inc. now owns 11,283,124 shares of the basic materials company’s stock valued at $260,641,000 after buying an additional 11,262,118 shares during the last quarter. Vanguard Group Inc. raised its position in KapStone Paper and Packaging Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,742,360 shares of the basic materials company’s stock valued at $178,849,000 after buying an additional 134,457 shares during the last quarter. Wellington Management Group LLP raised its position in KapStone Paper and Packaging Corporation by 44.5% in the first quarter. Wellington Management Group LLP now owns 5,082,064 shares of the basic materials company’s stock valued at $117,396,000 after buying an additional 1,564,976 shares during the last quarter. Dimensional Fund Advisors LP raised its position in KapStone Paper and Packaging Corporation by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,819,078 shares of the basic materials company’s stock valued at $99,418,000 after buying an additional 15,141 shares during the last quarter. Finally, State Street Corp raised its position in KapStone Paper and Packaging Corporation by 2.1% in the second quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock valued at $43,094,000 after buying an additional 42,808 shares during the last quarter. 81.16% of the stock is owned by institutional investors.

KapStone Paper and Packaging Corporation (KS) opened at 22.76 on Friday. The company has a market capitalization of $2.21 billion, a P/E ratio of 29.99 and a beta of 2.84. The firm has a 50-day moving average of $22.30 and a 200 day moving average of $22.23. KapStone Paper and Packaging Corporation has a 52-week low of $14.56 and a 52-week high of $24.98.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 51.95%.

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About KapStone Paper and Packaging Corporation

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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