KapStone Paper and Packaging (KS) Posts Earnings Results
KapStone Paper and Packaging (NYSE:KS) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12, Briefing.com reports. KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The company had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $834.23 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year.
KapStone Paper and Packaging (NYSE KS) remained flat at $$34.53 during trading on Thursday. 3,302,780 shares of the company were exchanged, compared to its average volume of 2,780,255. 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 $3,351.29, a price-to-earnings ratio of 46.05, a PEG ratio of 1.46 and a beta of 3.19. KapStone Paper and Packaging has a 1 year low of $19.59 and a 1 year high of $34.94.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 1.16%. KapStone Paper and Packaging’s dividend payout ratio (DPR) is 53.33%.
In other news, Director John Chapman sold 70,765 shares of the company’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 value of $1,471,912.00. Following the sale, the director now directly owns 445,056 shares in the company, valued at approximately $9,257,164.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the completion of the sale, the vice president now owns 157,336 shares in the company, valued at $3,296,189.20. The disclosure for this sale can be found here. Corporate insiders own 13.09% 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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