KapStone Paper and Packaging Corp. (KS) Expected to Post Quarterly Sales of $935.83 Million

Equities analysts forecast that KapStone Paper and Packaging Corp. (NYSE:KS) will post $935.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for KapStone Paper and Packaging’s earnings, with the highest sales estimate coming in at $988.21 million and the lowest estimate coming in at $883.45 million. KapStone Paper and Packaging reported sales of $822.72 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.7%. The business is expected to issue its next quarterly earnings results on Wednesday, July 25th.

On average, analysts expect that KapStone Paper and Packaging will report full year sales of $3.60 billion for the current fiscal year, with estimates ranging from $3.49 billion to $3.72 billion. For the next year, analysts anticipate that the business will report sales of $3.75 billion per share, with estimates ranging from $3.55 billion to $3.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover KapStone Paper and Packaging.

KapStone Paper and Packaging (NYSE:KS) last posted its quarterly earnings data on Wednesday, April 18th. The basic materials company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. KapStone Paper and Packaging had a net margin of 8.07% and a return on equity of 15.10%. The company had revenue of $799.20 million during the quarter, compared to the consensus estimate of $810.80 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year.



A number of research analysts have recently commented on KS shares. Zacks Investment Research raised shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, April 17th. ValuEngine raised shares of KapStone Paper and Packaging from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.17.

Shares of NYSE KS traded down $0.07 on Friday, reaching $34.72. 673,600 shares of the company traded hands, compared to its average volume of 1,370,729. KapStone Paper and Packaging has a fifty-two week low of $20.27 and a fifty-two week high of $35.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.07 and a quick ratio of 1.24. The company has a market cap of $3.40 billion, a P/E ratio of 26.30, a P/E/G ratio of 1.10 and a beta of 3.03.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, June 28th. KapStone Paper and Packaging’s payout ratio is currently 30.30%.

Large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado purchased a new stake in shares of KapStone Paper and Packaging during the 4th quarter worth about $134,000. Quantbot Technologies LP purchased a new position in KapStone Paper and Packaging in the 1st quarter worth approximately $159,000. Wellington Shields Capital Management LLC purchased a new position in KapStone Paper and Packaging in the 1st quarter worth approximately $206,000. Raymond James Financial Services Advisors Inc. purchased a new position in KapStone Paper and Packaging in the 4th quarter worth approximately $214,000. Finally, GSA Capital Partners LLP purchased a new position in KapStone Paper and Packaging in the 1st quarter worth approximately $216,000. Institutional investors and hedge funds own 82.07% of the company’s stock.

KapStone Paper and Packaging Company Profile

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

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