Zacks: Analysts Anticipate KapStone Paper and Packaging Corp. (KS) Will Announce Quarterly Sales of $828.61 Million
Equities research analysts expect KapStone Paper and Packaging Corp. (NYSE:KS) to report $828.61 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for KapStone Paper and Packaging’s earnings, with the lowest sales estimate coming in at $769.00 million and the highest estimate coming in at $867.93 million. KapStone Paper and Packaging posted sales of $777.50 million during the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The business is expected to report its next earnings report 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 fiscal year, with estimates ranging from $3.23 billion to $3.32 billion. For the next year, analysts forecast that the firm will report sales of $3.40 billion per share, with estimates ranging from $3.24 billion to $3.55 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover KapStone Paper and Packaging.
KapStone Paper and Packaging (NYSE:KS) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $868.42 million for the quarter, compared to analyst estimates of $839.36 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis.
KS has been the subject of a number of recent analyst reports. Citigroup initiated coverage on KapStone Paper and Packaging in a report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price target for the company. Royal Bank of Canada reiterated a “buy” rating and set a $27.00 price target on shares of KapStone Paper and Packaging in a report on Monday, August 21st. BidaskClub downgraded KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine upgraded KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.38.
In other news, VP Andrea K. Tarbox sold 32,486 shares of the firm’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 transaction of $680,581.70. Following the completion of the sale, the vice president now owns 157,336 shares in the company, valued at approximately $3,296,189.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Chapman sold 70,765 shares of the firm’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 sale, the director now owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The disclosure for this sale can be found here. 13.09% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Bridge City Capital LLC purchased a new stake in shares of KapStone Paper and Packaging during the 2nd quarter worth approximately $1,467,000. Macquarie Group Ltd. grew its stake in KapStone Paper and Packaging by 7.2% in the 3rd quarter. Macquarie Group Ltd. now owns 2,132,675 shares of the basic materials company’s stock valued at $45,831,000 after buying an additional 142,855 shares in the last quarter. Emerald Advisers Inc. PA purchased a new position in KapStone Paper and Packaging in the 3rd quarter valued at approximately $9,167,000. State Street Corp grew its stake in KapStone Paper and Packaging by 2.1% in the 2nd quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock valued at $43,094,000 after buying an additional 42,808 shares in the last quarter. Finally, Cipher Capital LP grew its stake in KapStone Paper and Packaging by 18.4% in the 2nd quarter. Cipher Capital LP now owns 30,775 shares of the basic materials company’s stock valued at $635,000 after buying an additional 4,784 shares in the last quarter. Institutional investors own 86.15% of the company’s stock.
Shares of KapStone Paper and Packaging (NYSE:KS) traded up $0.10 during trading on Friday, reaching $21.86. The company’s stock had a trading volume of 490,715 shares, compared to its average volume of 971,633. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 2.07. KapStone Paper and Packaging has a 52-week low of $19.59 and a 52-week high of $24.98. The firm has a market cap of $2,129.17, a P/E ratio of 21.11, a P/E/G ratio of 1.52 and a beta of 2.77.
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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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