Zacks: Brokerages Anticipate KapStone Paper and Packaging Corp. (KS) to Post $0.72 Earnings Per Share

Analysts expect KapStone Paper and Packaging Corp. (NYSE:KS) to announce earnings of $0.72 per share for the current quarter, Zacks reports. Two analysts have provided estimates for KapStone Paper and Packaging’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.75. KapStone Paper and Packaging posted earnings of $0.39 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 84.6%. The business is scheduled to report its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that KapStone Paper and Packaging will report full year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.41 to $2.43. For the next financial year, analysts forecast that the firm will report earnings of $2.78 per share, with EPS estimates ranging from $2.67 to $2.89. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for KapStone Paper and Packaging.

KapStone Paper and Packaging (NYSE:KS) last issued its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. KapStone Paper and Packaging had a return on equity of 16.87% and a net margin of 8.83%. The business had revenue of $912.74 million for the quarter, compared to analyst estimates of $935.83 million. During the same quarter in the previous year, the company posted $0.27 EPS. KapStone Paper and Packaging’s quarterly revenue was up 10.9% compared to the same quarter last year.

Several research firms have weighed in on KS. Zacks Investment Research raised KapStone Paper and Packaging from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Saturday, July 21st. ValuEngine lowered shares of KapStone Paper and Packaging from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 19th. Nine analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.33.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of KapStone Paper and Packaging by 9.1% during the second quarter. BlackRock Inc. now owns 12,794,147 shares of the basic materials company’s stock valued at $441,397,000 after acquiring an additional 1,071,702 shares during the period. JPMorgan Chase & Co. raised its position in KapStone Paper and Packaging by 4.8% in the first quarter. JPMorgan Chase & Co. now owns 2,875,751 shares of the basic materials company’s stock worth $98,667,000 after acquiring an additional 131,082 shares in the last quarter. Water Island Capital LLC raised its holdings in KapStone Paper and Packaging by 9.7% during the 2nd quarter. Water Island Capital LLC now owns 2,435,099 shares of the basic materials company’s stock worth $84,011,000 after buying an additional 215,600 shares during the period. Alpine Associates Management Inc. raised its holdings in KapStone Paper and Packaging by 15.0% during the 2nd quarter. Alpine Associates Management Inc. now owns 1,614,600 shares of the basic materials company’s stock worth $55,994,000 after buying an additional 210,200 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in KapStone Paper and Packaging during the 1st quarter worth about $50,475,000. Institutional investors own 82.03% of the company’s stock.

Shares of KapStone Paper and Packaging remained flat at $$34.53 during trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 338,075 shares, compared to its average volume of 435,271. KapStone Paper and Packaging has a 52 week low of $20.42 and a 52 week high of $35.01. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.03 and a beta of 3.24.

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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