KapStone Paper and Packaging Corp. (NYSE:KS) announced that its Board of Directors has approved a regular quarterly dividend of $0.10 per share payable on October 13, 2016 to stockholders of record as of September 30, 2016. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the determination of the Companys Board of Directors.

KapStone Paper Equity Analysis

KapStone Paper and Packaging Corp. (NYSE:KS) opened trading today as $16.24 and is trading in the range of 14.99-16.45 today. KapStone Paper’s current market cap stands at $1.57 billion.

KapStone Paper is currently covered by 12 Wall Street analysts.  The mean target price is $18.05 according to First Call.  This presents a solid upside to the current price of the equity.  The Mean Recommendation sits at 2.3 which is based on 3 Strong Buy, 3 Buy and 3 Hold ratings.

The most recent analyst actions consisted of Dundee initiating the stock on July 19th and Dundee initiating coverage with a downgrade rating back in April.

The current quarter EPS consensus estimate is .39 with revenue estimates of 801.59M.  Sales are expected to drop at a .70%rate.  KapStone Paper reported actual earnings last quarter of 0.27 which fails to beat the .29 consensus estimate, a -6.90% surprise.

Corporate Profile

KapStone Paper and Packaging Corporation manufactures and sells containerboards, corrugated products, and specialty paper products in the United States and internationally. The company offers containerboards consisting of linerboard and corrugated medium to converters in the corrugated packaging industry, and to other converters for various uses, including laminated tier sheets and wrapping materials. Its specialty paper products include Kraft paper comprising multiwall paper used to produce bags for agricultural products, pet food, baking products, cement and chemicals, and grocery bags, as well as specialty conversion products, such as wrapping paper products, dunnage bags, and roll wraps; and lightweight paper. The company also offers specialty paper products comprising saturating kraft paper under the Durasorb trade name; and unbleached folding carton board under the Kraftpak trade name to integrated and independent converters in the folding carton industry. The company was founded in 2005 and is headquartered in Northbrook, Illinois.

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