Packaging Co. of America (NYSE:PKG) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Packaging Co. of America (NYSE:PKG) posted its earnings results on Tuesday. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.04), Zacks reports. Packaging Co. of America had a net margin of 9.46% and a return on equity of 19.10%. Packaging Co. of America updated its Q1 2025 guidance to 2.210-2.210 EPS.

Packaging Co. of America Trading Down 0.4 %

Shares of NYSE PKG traded down $1.01 during trading on Tuesday, hitting $238.71. 940,178 shares of the company traded hands, compared to its average volume of 857,460. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $21.44 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.36 and a beta of 0.79. The company has a 50-day moving average price of $235.88 and a 200-day moving average price of $219.71. Packaging Co. of America has a 1 year low of $159.57 and a 1 year high of $250.82.

Packaging Co. of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Friday, December 20th. Packaging Co. of America’s dividend payout ratio is currently 58.28%.

Analysts Set New Price Targets

A number of research firms recently commented on PKG. Truist Financial increased their price objective on Packaging Co. of America from $252.00 to $282.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company upped their target price on shares of Packaging Co. of America from $235.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Citigroup upped their price objective on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Jefferies Financial Group raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating and lifted their target price for the stock from $215.00 to $280.00 in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $238.67.

Insider Activity at Packaging Co. of America

In related news, SVP Joseph Vaughn sold 2,300 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total value of $563,247.00. Following the completion of the sale, the senior vice president now directly owns 9,197 shares in the company, valued at approximately $2,252,253.33. This represents a 20.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donald R. Shirley sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $240.20, for a total value of $1,921,600.00. Following the completion of the transaction, the senior vice president now directly owns 15,725 shares in the company, valued at $3,777,145. This trade represents a 33.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,300 shares of company stock worth $8,064,152. 1.60% of the stock is owned by insiders.

About Packaging Co. of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.