Packaging Corp Of America (NYSE:PKG) will release its earnings data after the market closes on Wednesday, October 24th. Analysts expect Packaging Corp Of America to post earnings of $2.15 per share for the quarter.
Packaging Corp Of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.11. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. Packaging Corp Of America had a return on equity of 28.48% and a net margin of 10.83%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 earnings per share. On average, analysts expect Packaging Corp Of America to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of PKG stock opened at $86.78 on Tuesday. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.33 and a beta of 1.77. Packaging Corp Of America has a 1 year low of $85.57 and a 1 year high of $131.13. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.67 and a current ratio of 2.73.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, September 13th. Packaging Corp Of America’s payout ratio is 52.49%.
A number of equities analysts recently issued reports on the company. Citigroup lowered their price target on Packaging Corp Of America from $124.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, October 11th. ValuEngine lowered Packaging Corp Of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. BMO Capital Markets lowered Packaging Corp Of America from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $130.00 to $108.00 in a report on Tuesday, October 9th. Zacks Investment Research lowered Packaging Corp Of America from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Finally, Barclays lowered their price target on Packaging Corp Of America from $125.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday, July 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $125.50.
About Packaging Corp Of America
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products.
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