KapStone Paper and Packaging Corporation (NYSE:KS) – KeyCorp decreased their FY2018 earnings estimates for KapStone Paper and Packaging Corporation in a research note issued to investors on Wednesday. KeyCorp analyst A. Josephson now anticipates that the basic materials company will earn $1.27 per share for the year, down from their previous forecast of $1.33. KeyCorp has a “Hold” rating on the stock.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The company had revenue of $868.42 million for the quarter, compared to the consensus estimate of $839.36 million. KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. KapStone Paper and Packaging Corporation’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

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Other equities analysts have also issued research reports about the company. BidaskClub raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, July 19th. BMO Capital Markets reissued 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. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Finally, Citigroup Inc. initiated coverage on KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They issued a “buy” rating and a $25.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. KapStone Paper and Packaging Corporation currently has a consensus rating of “Buy” and an average target price of $26.38.

KapStone Paper and Packaging Corporation (KS) traded up 0.14% during trading on Monday, reaching $21.85. 141,960 shares of the company traded hands. KapStone Paper and Packaging Corporation has a 52 week low of $17.06 and a 52 week high of $24.98. The company’s 50-day moving average price is $22.49 and its 200 day moving average price is $21.93. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 28.79 and a beta of 2.78.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 53.33%.

Several institutional investors have recently added to or reduced their stakes in KS. Victory Capital Management Inc. grew its stake in shares of KapStone Paper and Packaging Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 771 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of KapStone Paper and Packaging Corporation by 4.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 239 shares during the period. Riverhead Capital Management LLC grew its stake in shares of KapStone Paper and Packaging Corporation by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 3,864 shares during the period. Flinton Capital Management LLC grew its stake in shares of KapStone Paper and Packaging Corporation by 75.3% during the 2nd quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 3,842 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of KapStone Paper and Packaging Corporation by 389.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 7,912 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

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.

Earnings History and Estimates for KapStone Paper and Packaging Corporation (NYSE:KS)

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