KapStone Paper and Packaging Corporation (KS) Scheduled to Post Earnings on Wednesday

To gain some better insight into how KapStone Paper and Packaging Corporation (NYSE:KS) is performing, let's look at some of the company's recent insider trading activity.

Since the start of the New Year, KapStone Paper and Packaging Corporation (NYSE:KS) shares have seen a move of 3.72%. The insider now holds 12,444 shares of KapStone Paper and Packaging Corporation (KS). Mitsubishi UFJ Trust & Banking Corp now owns 227,694 shares of the industrial products company's stock valued at $25,363,000 after acquiring an additional 10,141 shares in the last quarter. The stock of KapStone Paper and Packaging Corp.

Looking forward, for the quarter ending Dec-17, 9 analysts have a mean sales target of 1,619.60 million.

About 453,861 shares traded. The business's revenue was down 3.8% compared to the same quarter previous year. On average, analysts expect KapStone Paper and Packaging Corporation to post $1.24 EPS for the current fiscal year and $1.64 EPS for the next fiscal year. (NYSE:KS) rating on Monday, May 2.

As the earnings date approaches, we can see that insider ownership is now 1.40% shares, and institutional ownership is at 87.90% for KapStone Paper and Packaging Corporation (NYSE:KS) stock. The company's 50 day moving average is $22.49 and its 200-day moving average is $21.93. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, November 2.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. (NYSE:KS) on Friday, September 16 to "Hold" rating. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.12%. Finally, Vertical Research reissued a "buy" rating and issued a $124.00 price objective (up previously from $118.00) on shares of Packaging Corporation of America in a research note on Wednesday, August 23rd.

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of the company's stock in a transaction on Thursday, July 27th. Following the transaction, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Jefferies Group LLC reaffirmed a "buy" rating and set a $128.00 target price on shares of Packaging Corporation of America in a research note on Friday, August 18th.

Research professionals at Stephens has initiated coverage Kapstone Paper And Packaging Corp (NYSE:KS) shares in analysts report issued on Tuesday morning, reports. The firm has "Buy" rating given on Monday, September 25 by RBC Capital Markets. The company's quarterly EPS surprised Wall Street by as much as 0% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The stock realized a fall in short interest of -12.56% as of the latest report on September 29, 2017.

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. If you are accessing this article on another publication, it was illegally stolen and republished in violation of U.S. & worldwide trademark & copyright law. Finally, Pacad Investment Ltd. acquired a new stake in KapStone Paper and Packaging Corp. during the second quarter worth approximately $190,000. The Firm operates through two divisions: Paper and Packaging, and Distribution.

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