Analysts Expect KapStone Paper and Packaging Corp. (KS) to Post $0.38 EPS

Analysts expect KapStone Paper and Packaging Corp. (NYSE:KS) to announce earnings per share (EPS) of $0.38 for the current quarter, Zacks reports. Four analysts have issued estimates for KapStone Paper and Packaging’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.41. KapStone Paper and Packaging reported earnings of $0.24 per share during the same quarter last year, which suggests a positive year over year growth rate of 58.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that KapStone Paper and Packaging will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.23. For the next fiscal year, analysts anticipate that the business will post earnings of $1.55 per share, with EPS estimates ranging from $1.27 to $1.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for KapStone Paper and Packaging.

KapStone Paper and Packaging (NYSE:KS) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share.

A number of brokerages recently weighed in on KS. Stephens began coverage on shares of KapStone Paper and Packaging in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $28.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging in a research note on Monday, August 21st. ValuEngine raised shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. KapStone Paper and Packaging currently has an average rating of “Buy” and a consensus target price of $26.38.

In other news, Director John Chapman sold 70,765 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $20.80, for a total value of $1,471,912.00. Following the transaction, the director now owns 445,056 shares in the company, valued at $9,257,164.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of the firm’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 transaction of $680,581.70. Following the completion of 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. Company insiders own 13.09% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Eaton Vance Management grew its holdings in shares of KapStone Paper and Packaging by 0.3% in the second quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 63 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of KapStone Paper and Packaging by 4.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of KapStone Paper and Packaging by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 67,368 shares of the basic materials company’s stock worth $1,390,000 after purchasing an additional 293 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of KapStone Paper and Packaging by 1.0% in the second quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock worth $1,327,000 after purchasing an additional 607 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of KapStone Paper and Packaging by 5.4% in the second quarter. Amalgamated Bank now owns 12,317 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Shares of KapStone Paper and Packaging (NYSE KS) traded up $0.07 on Friday, reaching $21.96. 387,198 shares of the company were exchanged, compared to its average volume of 975,703. The stock has a market capitalization of $2,130.00, a P/E ratio of 21.05, a P/E/G ratio of 1.52 and a beta of 2.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25. KapStone Paper and Packaging has a 1-year low of $19.59 and a 1-year high of $24.98.

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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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Earnings History and Estimates for KapStone Paper and Packaging (NYSE:KS)

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