Brokerages Anticipate KapStone Paper and Packaging Corp. (KS) to Announce $0.35 EPS

Equities research analysts expect KapStone Paper and Packaging Corp. (NYSE:KS) to announce earnings of $0.35 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for KapStone Paper and Packaging’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.40. KapStone Paper and Packaging posted earnings of $0.15 per share during the same quarter last year, which would indicate a positive year over year growth rate of 133.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that KapStone Paper and Packaging will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.97. For the next year, analysts forecast that the business will report earnings of $2.23 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow KapStone Paper and Packaging.

KapStone Paper and Packaging (NYSE:KS) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. KapStone Paper and Packaging had a return on equity of 13.31% and a net margin of 7.34%. The business had revenue of $859.00 million during the quarter, compared to the consensus estimate of $834.23 million. During the same period in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis.

KS has been the topic of several recent research reports. TheStreet upgraded KapStone Paper and Packaging from a “c+” rating to a “b-” rating in a research report on Monday, January 8th. Stephens set a $30.00 price target on KapStone Paper and Packaging and gave the company a “buy” rating in a research report on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $27.00 price target on shares of KapStone Paper and Packaging in a research report on Friday, October 27th. Citigroup boosted their price target on KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, ValuEngine upgraded KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. KapStone Paper and Packaging currently has a consensus rating of “Hold” and a consensus price target of $30.50.

KapStone Paper and Packaging (NYSE KS) traded up $0.12 during trading on Wednesday, hitting $34.51. The stock had a trading volume of 883,885 shares, compared to its average volume of 2,741,398. The stock has a market cap of $3,338.66, a P/E ratio of 14.03, a P/E/G ratio of 1.44 and a beta of 3.19. KapStone Paper and Packaging has a fifty-two week low of $19.59 and a fifty-two week high of $34.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.21.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its position in KapStone Paper and Packaging by 7.2% during the 3rd quarter. Macquarie Group Ltd. now owns 2,132,675 shares of the basic materials company’s stock worth $45,831,000 after purchasing an additional 142,855 shares during the period. Emerald Advisers Inc. PA acquired a new position in KapStone Paper and Packaging during the 3rd quarter worth approximately $9,167,000. State Street Corp increased its position in KapStone Paper and Packaging by 2.1% during the 2nd quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock worth $43,094,000 after purchasing an additional 42,808 shares during the period. Magnetar Financial LLC increased its position in KapStone Paper and Packaging by 265.7% during the 3rd quarter. Magnetar Financial LLC now owns 54,481 shares of the basic materials company’s stock worth $1,171,000 after purchasing an additional 39,582 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its position in KapStone Paper and Packaging by 0.5% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,680,800 shares of the basic materials company’s stock worth $36,120,000 after purchasing an additional 8,950 shares during the period. Institutional investors own 85.41% 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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