Equities analysts expect that KapStone Paper and Packaging Corp. (NYSE:KS) will report sales of $938.41 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for KapStone Paper and Packaging’s earnings, with the highest sales estimate coming in at $953.72 million and the lowest estimate coming in at $923.10 million. KapStone Paper and Packaging posted sales of $868.42 million during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that KapStone Paper and Packaging will report full year sales of $3.57 billion for the current fiscal year, with estimates ranging from $3.55 billion to $3.59 billion. For the next financial year, analysts expect that the firm will post sales of $3.71 billion per share, with estimates ranging from $3.62 billion to $3.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow KapStone Paper and Packaging.

KapStone Paper and Packaging (NYSE:KS) last released its earnings results on Wednesday, July 25th. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.10. The firm had revenue of $912.74 million during the quarter, compared to analyst estimates of $935.83 million. KapStone Paper and Packaging had a net margin of 8.83% and a return on equity of 16.87%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share.

KS has been the subject of several research reports. Zacks Investment Research upgraded KapStone Paper and Packaging from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, April 17th. ValuEngine lowered KapStone Paper and Packaging from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 19th. Nine equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. KapStone Paper and Packaging has a consensus rating of “Hold” and a consensus price target of $32.33.

Shares of KapStone Paper and Packaging remained flat at $$34.53 during trading on Tuesday, MarketBeat Ratings reports. The stock had a trading volume of 338,075 shares, compared to its average volume of 435,271. 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. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.22. KapStone Paper and Packaging has a 52 week low of $20.42 and a 52 week high of $35.01.

Several institutional investors have recently modified their holdings of KS. Bluefin Trading LLC acquired a new position in KapStone Paper and Packaging in the 1st quarter valued at $2,341,000. Kellner Capital LLC acquired a new position in KapStone Paper and Packaging in the 1st quarter valued at $2,546,000. Chicago Capital Management LLC acquired a new position in KapStone Paper and Packaging in the 1st quarter valued at $25,842,000. Glazer Capital LLC acquired a new position in KapStone Paper and Packaging in the 1st quarter valued at $6,313,000. Finally, Thrivent Financial for Lutherans raised its holdings in KapStone Paper and Packaging by 8.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 59,030 shares of the basic materials company’s stock valued at $2,025,000 after acquiring an additional 4,729 shares in the last quarter. Institutional investors and hedge funds own 82.03% of the company’s stock.

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.

Recommended Story: What is the NASDAQ Stock Market?

Get a free copy of the Zacks research report on KapStone Paper and Packaging (KS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KapStone Paper and Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging and related companies with MarketBeat.com's FREE daily email newsletter.