KapStone Reports Fourth Quarter And Full Year Results
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February 10, 2016 7:22 AM EST
Deutsche Bank downgraded KapStone Paper & Packaging (NYSE: KS) from Buy to Hold with a price target of $14.00 (from $22.00). The change follows disappointing Q4 results.
Analyst Debbie Jones said, "Q4 results fell well short of expectations on a number of fronts. The stronger... More
February 9, 2016 4:27 PM EST
Kapstone (NYSE: KS) reported Q4 EPS of $0.17, $0.19 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $764 million versus the consensus estimate of $773.38 million.
Roger W. Stone, Chairman and Chief Executive Officer, stated, "2015 was another transformational year for KapStone with the successful integration of Victory Packaging, and we are right on target for achieving... More
