$828.61 Million in Sales Expected for KapStone Paper and Packaging Corp. (KS) This Quarter

Brokerages forecast that KapStone Paper and Packaging Corp. (NYSE:KS) will report sales of $828.61 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for KapStone Paper and Packaging’s earnings. The lowest sales estimate is $769.00 million and the highest is $867.93 million. KapStone Paper and Packaging posted sales of $777.50 million in the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The firm is expected to report its next quarterly earnings results on Wednesday, February 14th.

On average, 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 forecast 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 data on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $839.36 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year.

KS has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating and set a $27.00 price objective on shares of KapStone Paper and Packaging in a report on Friday, October 27th. BMO Capital Markets lowered their target price on shares of KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Citigroup upped their target price on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, KeyCorp reissued a “hold” rating on shares of KapStone Paper and Packaging in a research note on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $26.63.

In other KapStone Paper and Packaging news, VP Andrea K. Tarbox sold 32,486 shares of the business’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 $3,296,189.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Chapman sold 70,765 shares of the business’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 KS. Victory Capital Management Inc. lifted its position in shares of KapStone Paper and Packaging by 25,123.5% during the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock worth $27,888,000 after purchasing an additional 1,292,605 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of KapStone Paper and Packaging by 51.9% during 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 in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of KapStone Paper and Packaging during the second quarter worth approximately $14,866,000. Emerald Advisers Inc. PA acquired a new position in shares of KapStone Paper and Packaging during the third quarter worth approximately $9,167,000. Finally, Voya Investment Management LLC lifted its position in shares of KapStone Paper and Packaging by 23.3% during the second quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock worth $38,276,000 after purchasing an additional 351,094 shares in the last quarter. Hedge funds and other institutional investors own 86.08% of the company’s stock.

KapStone Paper and Packaging (KS) opened at $25.98 on Friday. KapStone Paper and Packaging has a twelve month low of $19.59 and a twelve month high of $26.47. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The stock has a market cap of $2,520.00, a PE ratio of 34.64, a PEG ratio of 1.27 and a beta of 2.76.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. KapStone Paper and Packaging’s payout ratio is currently 53.33%.

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About KapStone Paper and Packaging

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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