Wall Street brokerages expect that KapStone Paper and Packaging Corp. (NYSE:KS) will post sales of $828.61 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for KapStone Paper and Packaging’s earnings, with the highest sales estimate coming in at $867.93 million and the lowest estimate coming in at $769.00 million. KapStone Paper and Packaging reported sales of $777.50 million during the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The business is expected to issue its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that KapStone Paper and Packaging will report full year sales of $828.61 million for the current year, with estimates ranging from $3.23 billion to $3.32 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.40 billion per share, with estimates ranging from $3.24 billion to $3.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover KapStone Paper and Packaging.

KapStone Paper and Packaging (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 Zacks’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The company had revenue of $868.42 million for the quarter, compared to analyst estimates of $839.36 million. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year.

Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub lowered shares of KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. KeyCorp reiterated a “hold” rating on shares of KapStone Paper and Packaging in a research report on Wednesday, October 25th. Citigroup assumed coverage on shares of KapStone Paper and Packaging in a research report on Wednesday, August 16th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Stephens assumed coverage on shares of KapStone Paper and Packaging in a research report on Tuesday, October 24th. They issued an “overweight” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. KapStone Paper and Packaging has an average rating of “Buy” and an average price target of $26.38.

KapStone Paper and Packaging (KS) opened at $21.89 on Friday. KapStone Paper and Packaging has a 12 month low of $19.59 and a 12 month high of $24.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 2.07. The firm has a market cap of $2,122.39, a price-to-earnings ratio of 21.05, a PEG ratio of 1.52 and a beta of 2.77.

In other KapStone Paper and Packaging news, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the transaction, the vice president now directly owns 157,336 shares in the company, valued at approximately $3,296,189.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Chapman sold 70,765 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the completion of the transaction, the director now owns 445,056 shares in the company, valued at $9,257,164.80. The disclosure for this sale can be found here. 13.09% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Eaton Vance Management lifted its holdings in KapStone Paper and Packaging by 0.3% in the 2nd quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 63 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in KapStone Paper and Packaging by 4.2% in 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in KapStone Paper and Packaging by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 67,368 shares of the basic materials company’s stock valued at $1,390,000 after purchasing an additional 293 shares in the last quarter. Texas Permanent School Fund lifted its holdings in KapStone Paper and Packaging by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock valued at $1,327,000 after purchasing an additional 607 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in KapStone Paper and Packaging by 5.4% in the 2nd quarter. Amalgamated Bank now owns 12,317 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 86.15% of the company’s stock.

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KapStone Paper and Packaging Company Profile

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

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