KapStone Paper and Packaging Corp. (KS) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.27 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.30. The company posted revenue of $784.91 million in the period, compared to analysts expectations of $827.60 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Many Wall Street Analysts have commented on KapStone Paper and Packaging Corp.. KapStone Paper and Packaging Corp. was Upgraded by Dundee to ” Buy” on Jul 19, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .
KapStone Paper and Packaging Corp. closed down -0.65 points or -4.46% at $13.94 with 27,22,756 shares getting traded on Thursday. Post opening the session at $14.23, the shares hit an intraday low of $13.27 and an intraday high of $14.23 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 17, 2016, Maurice S Reznik (director) purchased 10,000 shares at $14.68 per share price. According to the SEC, on Feb 26, 2016, Robert J Bahash (director) purchased 20,000 shares at $9.22 per share price. On Feb 16, 2016, Timothy P Keneally (VP and General Manager) purchased 36,045 shares at $9.44 per share price, according to the Form-4 filing with the securities and exchange commission.
KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard corrugated products and specialty paper for industrial and consumer markets. Containerboard consisting of linerboard and corrugated medium is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap end caps roll wrap pet food cement and chemicals grocery bags and dunnage bags. The Company’s specialty paper products are manufactured for a variety of converters including laminators coaters insulation manufacturers agricultural product processors and food product packaging producers. As of December 31 2014 the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.