KapStone Paper and Packaging Corp. (KS) Expected to Post Earnings of $0.29 Per Share

Analysts expect KapStone Paper and Packaging Corp. (NYSE:KS) to post earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for KapStone Paper and Packaging Corp.’s earnings, with estimates ranging from $0.26 to $0.34. KapStone Paper and Packaging Corp. posted earnings per share of $0.26 during the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, July 26th.

According to Zacks, analysts expect that KapStone Paper and Packaging Corp. will report full-year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.45. For the next fiscal year, analysts forecast that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.31 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover KapStone Paper and Packaging Corp..

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.07. KapStone Paper and Packaging Corp. had a return on equity of 11.90% and a net margin of 2.80%. The company had revenue of $765.80 million for the quarter, compared to the consensus estimate of $770.10 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis.

KS has been the subject of a number of research reports. Barclays PLC lowered shares of KapStone Paper and Packaging Corp. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $22.00 to $24.00 in a research report on Monday, February 6th. Bank of America Corp restated a “buy” rating and set a $29.00 target price on shares of KapStone Paper and Packaging Corp. in a research report on Tuesday, February 21st. Zacks Investment Research lowered shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Vertical Research lowered shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, Deutsche Bank AG upped their target price on shares of KapStone Paper and Packaging Corp. from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. KapStone Paper and Packaging Corp. currently has an average rating of “Hold” and an average target price of $25.83.

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KapStone Paper and Packaging Corp. (NYSE:KS) traded up 1.46% during mid-day trading on Monday, hitting $20.22. 831,302 shares of the stock were exchanged. KapStone Paper and Packaging Corp. has a 52 week low of $12.14 and a 52 week high of $24.98. The company has a 50-day moving average of $21.93 and a 200-day moving average of $22.09. The stock has a market capitalization of $1.96 billion, a PE ratio of 26.29 and a beta of 2.82.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Thursday, June 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Tuesday, June 27th. KapStone Paper and Packaging Corp.’s dividend payout ratio is currently 44.94%.

In related news, Director Jonathan R. Furer sold 12,484 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $21.23, for a total value of $265,035.32. Following the transaction, the director now owns 1,178,915 shares of the company’s stock, valued at approximately $25,028,365.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David P. Storch purchased 5,000 shares of KapStone Paper and Packaging Corp. stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now directly owns 45,127 shares in the company, valued at $902,540. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of KS. State of Wisconsin Investment Board increased its position in KapStone Paper and Packaging Corp. by 51.7% in the third quarter. State of Wisconsin Investment Board now owns 824,323 shares of the basic materials company’s stock valued at $15,596,000 after buying an additional 280,800 shares in the last quarter. Russell Investments Group Ltd. bought a new position in KapStone Paper and Packaging Corp. during the fourth quarter valued at approximately $3,339,000. Norges Bank bought a new position in KapStone Paper and Packaging Corp. during the fourth quarter valued at approximately $25,933,000. BlackRock Inc. increased its position in KapStone Paper and Packaging Corp. by 0.6% in the third quarter. BlackRock Inc. now owns 23,089 shares of the basic materials company’s stock valued at $436,000 after buying an additional 144 shares in the last quarter. Finally, Comerica Bank increased its position in KapStone Paper and Packaging Corp. by 5.5% in the fourth quarter. Comerica Bank now owns 100,627 shares of the basic materials company’s stock valued at $2,276,000 after buying an additional 5,203 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

About KapStone Paper and Packaging Corp.

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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