KapStone Paper and Packaging Corporation (NYSE:KS) – Research analysts at KeyCorp lowered their FY2018 earnings estimates for shares of KapStone Paper and Packaging Corporation in a research report issued to clients and investors on Wednesday. KeyCorp analyst A. Josephson now expects that the basic materials company will earn $1.27 per share for the year, down from their previous forecast of $1.33. KeyCorp currently has a “Hold” rating on the stock.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. The company had revenue of $868.42 million during the quarter, compared to analyst estimates of $839.36 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. KapStone Paper and Packaging Corporation’s revenue for the quarter was up 11.8% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “KeyCorp Weighs in on KapStone Paper and Packaging Corporation’s FY2018 Earnings (KS)” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://theolympiareport.com/2017/11/01/keycorp-weighs-in-on-kapstone-paper-and-packaging-corporations-fy2018-earnings-ks.html.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Zacks Investment Research raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, July 19th. BidaskClub lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, July 18th. Finally, ValuEngine lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.38.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is currently 53.33%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bridge City Capital LLC purchased a new stake in KapStone Paper and Packaging Corporation in the 2nd quarter worth about $1,467,000. Cipher Capital LP increased its holdings in KapStone Paper and Packaging Corporation by 18.4% in the 2nd quarter. Cipher Capital LP now owns 30,775 shares of the basic materials company’s stock worth $635,000 after acquiring an additional 4,784 shares during the last quarter. State Street Corp increased its holdings in KapStone Paper and Packaging Corporation by 0.9% in the 1st quarter. State Street Corp now owns 2,045,971 shares of the basic materials company’s stock worth $47,263,000 after acquiring an additional 18,772 shares during the last quarter. First Trust Advisors LP increased its holdings in KapStone Paper and Packaging Corporation by 34.2% in the 2nd quarter. First Trust Advisors LP now owns 113,615 shares of the basic materials company’s stock worth $2,344,000 after acquiring an additional 28,985 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in KapStone Paper and Packaging Corporation in the 1st quarter worth about $325,000. 83.80% of the stock is owned by institutional investors.

About KapStone Paper and Packaging Corporation

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.

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

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