Friday, April 26, 3:55 PMRock-Tenn Company (RKT) declares $0.30/share quarterly dividend, 33% increase from prior dividend of $0.225. Forward yield 1.25%. For shareholders of record May 07. Payable May 20. Ex-div date May 03. (PR)
Comment![Dividends]
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]
Friday, April 12, 8:04 AM
Jefferies raises price targets and profit estimates on a number of containerboard stocks on its conviction that recent price increases in the sector will stick due to tight market conditions. PT hikes: International Paper (IP) to $60 from $52, Packaging Corp of America (PKG) to $49 from $39, Rock-Tenn (RKT) to $117 from $105.
Comment![Consumer]
Wednesday, February 27, 2:38 PM
Consumer packaging/containerboard plays International Paper (IP +3.1%) and Rock-Tenn (RKT +2.2%) outperform after Longbow upgrades shares to Buy. JPMorgan upgraded Rock-Tenn on Monday, and Jefferies launched coverage on International Paper with a Buy on Tuesday.
Comment![Commodities, On the Move]
Monday, February 25, 6:53 AM
JPMorgan hikes its rating on Rock-Tenn (RKT) to an Overweight with a raised price target of $108 to go along. The containerboard sector is falling into favor with analysts with pricing looking strong going into the spring.
Comment![Consumer]
Friday, February 22, 12:11 PM
Goldman Sachs weighs in on the containerboard market, noting inventories are still lean with significant maintenance downtime planned this year by producers. The read-through is positive for International Paper (IP +3.9%), Boise (BZ +4.4%), Packaging Corp (PKG +2.8%) - as well as Goldman sector favorite Rock-Tenn (RKT +4.5%).
Comment![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]
Tuesday, January 22, 5:44 PM
More on Rock-Tenn (RKT): Q4 bottom line beats as revenue meets estimates on a slight increase in total sales. Net profit rose 13% Y/Y on better sales in its corrugated-packaging segment, masking sales declines in its consumer-packaging and recyling units. Gross margin widened slightly to 17.9% from 17.3%.
Comment![Earnings]
Tuesday, January 22, 5:12 PMRock-Tenn (RKT): Q4 EPS of $1.35 beats by $0.08. Revenue of $2.28B (+1% Y/Y) misses by $0.03B. (PR)
Comment![Earnings, Breaking News]
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]
Friday, November 2, 2012, 3:15 PM
Rock-Tenn (RKT -9%) slides after mixed FQ4 results showed better than expected earnings but weaker revenue and production. RKT management commented on the quarter by saying a containerboard price hike was implemented, and its full effects are not expected to be realized until the end of the March quarter. ATR -5.9%, MWV -1.2%, PKG -0.7%.
Comment![Consumer, On the Move]
Thursday, November 1, 2012, 7:33 PMRock-Tenn (RKT): FQ4 EPS of $1.39 beats by $0.01. Revenue of $2.35B (-4.5% Y/Y) misses by $80M. (PR)
Comment![Earnings]
Friday, October 26, 2012, 3:05 PMRock-Tenn (RKT) declares $0.225/share quarterly dividend, 12.5% increase from prior dividend of $0.20. Forward yield 1.24%. For shareholders of record Nov 05. Payable Nov 19. Ex-div date Nov 01. (PR)
Comment![Dividends]
Monday, September 24, 2012, 9:45 AM
Shares of International (IP +4%) , Rock-Tenn (RKT +6%), and Packaging Corp of America (PKG +3.7%) jet higher with more support out that containerboard price hikes in the sector are sticking. Credit Suisse is out with a positive note today after Deutsche Bank did the heavy lifting last week.
1 Comment[Consumer, On the Move]
Jim Van Meerten $RKT - 100% Barchart technical buy signals - 3 new highs and up 6.64% in the last month - Relative strength Index 65.04%
Apr 30, 10:45 AM
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Quoth the Raven $RKT wants to close green today. She's been trying all day. On the heels of earnings yesterday, will be at $105 before May 1.
Apr 25, 3:33 PM
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Michael Bryant Rock-Tenn ($RKT), Overstock ($OSTK), Lumber Liquidators ($LL), Avery Dennison ($AVY), & Meritage Homes ($MTH) rose Wed. on unusual volume.
Apr 24, 11:54 PM
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Michael Bryant: I think $OSTK is a turn-around. $MTH look good, too. $RKT is your boring packaging companies.
Apr 24, 11:58 PM
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Michael Bryant ARM Holdings ($ARMH), Packaging Corp ($PKG), Panera Bread ($PNRA), Rock-Tenn ($RKT), & Meritage Homes ($MTH) rose Tuesday on unusual volume.
Michael Bryant Rock-Tenn ($RKT), Overstock ($OSTK), Lumber Liquidators ($LL), Avery Dennison ($AVY), & Meritage Homes ($MTH) rose Wed. on unusual volume.
Apr 24, 11:54 PM
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Michael Bryant: I think $OSTK is a turn-around. $MTH look good, too. $RKT is your boring packaging companies.
Apr 24, 11:58 PM
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Michael Bryant ARM Holdings ($ARMH), Packaging Corp ($PKG), Panera Bread ($PNRA), Rock-Tenn ($RKT), & Meritage Homes ($MTH) rose Tuesday on unusual volume.