Kapstone (KS) Expected to Post Quarterly Sales of $931.24 Million

Equities analysts predict that Kapstone (NYSE:KS) will announce sales of $931.24 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kapstone’s earnings, with the lowest sales estimate coming in at $874.28 million and the highest estimate coming in at $988.21 million. Kapstone posted sales of $822.72 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.2%. The company is expected to announce its next quarterly earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that Kapstone will report full year sales of $3.61 billion for the current financial year, with estimates ranging from $3.51 billion to $3.72 billion. For the next financial year, analysts expect that the company will post sales of $3.78 billion per share, with estimates ranging from $3.62 billion to $3.95 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Kapstone.

Kapstone (NYSE:KS) last posted its quarterly earnings data on Wednesday, April 18th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Kapstone had a return on equity of 15.10% and a net margin of 8.07%. The company had revenue of $799.20 million during the quarter, compared to analysts’ expectations of $810.80 million. During the same period last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis.

A number of brokerages have recently issued reports on KS. ValuEngine downgraded Kapstone from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 19th. Zacks Investment Research raised Kapstone from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, April 17th. DA Davidson downgraded Kapstone from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. Deutsche Bank downgraded Kapstone from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research note on Thursday, February 8th. Finally, Royal Bank of Canada downgraded Kapstone from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $30.00 to $35.00 in a research note on Thursday, February 1st. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.71.

Several hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its stake in Kapstone by 5.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 37,500 shares of the basic materials company’s stock valued at $851,000 after purchasing an additional 2,100 shares in the last quarter. Profund Advisors LLC increased its stake in Kapstone by 11.2% in the 4th quarter. Profund Advisors LLC now owns 21,458 shares of the basic materials company’s stock valued at $487,000 after purchasing an additional 2,169 shares in the last quarter. Geode Capital Management LLC increased its stake in Kapstone by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 720,933 shares of the basic materials company’s stock valued at $16,357,000 after purchasing an additional 2,418 shares in the last quarter. California Public Employees Retirement System increased its stake in Kapstone by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 167,100 shares of the basic materials company’s stock valued at $3,591,000 after purchasing an additional 2,500 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Kapstone by 4.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 61,194 shares of the basic materials company’s stock valued at $1,388,000 after purchasing an additional 2,617 shares in the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

Shares of KS stock opened at $34.45 on Wednesday. The company has a market cap of $3,375.39, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.23 and a beta of 3.02. Kapstone has a 12-month low of $19.59 and a 12-month high of $35.01. The company has a quick ratio of 1.24, a current ratio of 2.07 and a debt-to-equity ratio of 1.26.

The firm also recently announced a None dividend, which was paid on Wednesday, April 11th. Stockholders of record on Wednesday, March 28th were paid a dividend of $0.10 per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, March 27th. Kapstone’s dividend payout ratio (DPR) is 30.30%.

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Kapstone 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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