Tuesday, May 7, 5:06 PMKapStone Paper and Packaging (KS): Q1 EPS of $0.42 misses by $0.01. Revenue of $319.8M (+7% Y/Y) beats by $8.26M. (PR)
1 Comment[Earnings, Breaking News, Consumer]
Monday, April 22, 2:36 PM
Containerboard stocks look strong after Pulp & Paper Week reports that a $50 per ton price hike in the sector is taking hold. Gainers: Rock-Tenn Company (RKT +3.1%), International Paper (IP +3.3%), Graphic Packaging (GPK +2.5%), KapStone Paper (KS +2.4%), MeadWestvaco (MWV +1.7%).
Comment![Consumer, On the Move]
Tuesday, April 16, 11:13 AM
Containerboard stocks rally after Macquarie turns bullish on the sector with the fundamentals improving and more price hikes expected in the back half of the year. International Paper (IP +3.6%), KapStone Paper & Packaging (KS +3.8%), and Rock-Tenn (RKT +3.3%) are tagged as the firm's favorite names in the group.
Comment![Consumer, On the Move]
Thursday, February 28, 7:11 AM
More on Kohl's (KS): Comparable store sales rose 1.9% during Q4 with sales coming very late in the period. Gross margin fell 290 bps to 33.3%. The company expects Q1 EPS of $0.55-$0.63 and full-year EPS of $4.15-$4.45. (PR)
1 Comment[Earnings, Consumer]
Thursday, February 21, 4:57 PM
Industrial packaging stocks gained today on reports Georgia-Pacific plans to raise its price for containerboard by $50/ton this spring, which likely would be followed by price hikes from peers. Industry consolidation and tightening inventories have given producers more pricing power going into spring and summer when demand for shipping cartons usually increases. IP +3.1%, RKT +4.5%, PKG +4.1%, KS +1.7%.
Comment![Consumer]
Wednesday, February 13, 6:06 PMKapStone Paper and Packaging (KS): Q4 EPS of $0.28 beats by $0.01. Revenue of $301M (+12% Y/Y) misses by $1.68M. (PR)
Comment![Earnings, Breaking News, Consumer]
Wednesday, November 28, 2012, 12:09 PMKapStone Paper and Packaging (KS) declares special dividend of $2.00/share. For shareholders of record Dec 10. Payable Dec 20. Ex-div date Dec 06. (PR)
Comment![Dividends]
Monday, November 5, 2012, 2:13 PM
Rock-Tenn (RKT -1.4%) is downgraded to Neutral at J.P. Morgan as the most levered stock to potential containerboard price increases among paper and packaging stocks, and the impact of the most recent increase is reflected in the shares. IP -1.8%, KS -0.5%, PKG -0.3%. However, Wausau Paper (WPP +2.4%) is a notable outlier after 10% stakeholder Starboard Value Funds buys 75K shares.
Comment![Consumer, Quick Ideas, On the Move]
Tuesday, October 30, 2012, 5:48 PMKapStone (KS): Q3 EPS of $0.41 misses by $0.08. Revenue of $310M (+43.7% Y/Y) misses by $3M. (PR)
Comment![Earnings]
Monday, September 10, 2012, 10:36 AM
Shares of KapStone Paper (KS -3.2%), Packaging Corp (PKG -1.6%), and Rock-Tenn (RKT -4.1%) trade lower on a containerboard sector downgrade from Deutsche Bank. The firm notes that the assumed "done deal" for a fall price hike isn't quite locked up. (Earlier: Deutsche downgrades International Paper)
Comment![Consumer, On the Move]
Wednesday, May 2, 2012, 6:26 PMKapStone Paper and Packaging (KS): Q1 EPS of $0.38 misses by $0.03. Revenue of $300M (+45% Y/Y) in-line. (PR)
Comment![Earnings]
Tuesday, June 7, 2011, 2:52 PM
International Paper (IP +1.1%) and Temple-Inland (TIN +42.3%) are in focus after IP's $30.60/share bid was rejected despite being a 46% premium to Monday's closing price. Other packaging and paper stocks rally on calls from bullish analysts that the industry is heading for consolidation: PKG +6.9%, WY +6.2%, BZ +5.6%, KS +4.3%, RKT +3.1%.
Comment![M&A, On the Move]