DA Davidson Analysts Boost Earnings Estimates for Kapstone (KS)
Kapstone (NYSE:KS) – Investment analysts at DA Davidson increased their Q3 2018 earnings estimates for shares of Kapstone in a report released on Friday, April 13th. DA Davidson analyst S. Chercover now expects that the basic materials company will earn $0.67 per share for the quarter, up from their prior forecast of $0.58. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for Kapstone’s FY2018 earnings at $2.04 EPS.
A number of other research firms have also recently commented on KS. BMO Capital Markets cut Kapstone from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Stephens cut Kapstone from an “overweight” rating to an “equal weight” rating and set a $28.00 target price on the stock. in a research note on Tuesday, January 30th. Zacks Investment Research cut Kapstone from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Royal Bank of Canada cut Kapstone from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $30.00 to $35.00 in a research note on Thursday, February 1st. Finally, Citigroup reiterated a “neutral” rating and set a $26.00 target price on shares of Kapstone in a research note on Tuesday, January 30th. Ten analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Kapstone presently has a consensus rating of “Hold” and an average target price of $30.71.
Kapstone (NYSE:KS) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.12. The company had revenue of $859.00 million for the quarter, compared to analysts’ expectations of $834.23 million. Kapstone had a return on equity of 13.31% and a net margin of 7.34%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fairpointe Capital LLC purchased a new stake in Kapstone in the 4th quarter worth about $701,000. MetLife Investment Advisors LLC purchased a new stake in Kapstone in the 4th quarter worth about $893,000. Gotham Asset Management LLC purchased a new stake in Kapstone in the 4th quarter worth about $218,000. Municipal Employees Retirement System of Michigan increased its holdings in Kapstone by 17.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 52,170 shares of the basic materials company’s stock worth $1,184,000 after acquiring an additional 7,910 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Kapstone by 7.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,940,182 shares of the basic materials company’s stock worth $44,023,000 after acquiring an additional 130,220 shares during the last quarter. 84.86% of the stock is owned by institutional investors.
The company also recently disclosed a None dividend, which was paid on Wednesday, April 11th. Investors of record on Wednesday, March 28th were issued a $0.10 dividend. This represents a yield of 1.14%. The ex-dividend date was Tuesday, March 27th. Kapstone’s dividend payout ratio (DPR) is currently 30.30%.
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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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