Zacks Research Has Strong Estimate for PKG FY2026 Earnings

Key Points

• Zacks Research raised its FY2026 EPS estimate for Packaging Corporation of America to $10.60 from $10.44, slightly above the $10.56 analyst consensus.
• In its latest reported quarter, the company earned $3.04 per share, beating estimates of $2.93, while revenue of $2.60 billion came in just below expectations and increased 12.5% year over year.
• Analyst sentiment is moderately positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $275.43.

Packaging Corporation of America (NYSE:PKG - Free Report) - Equities researchers at Zacks Research raised their FY2026 earnings per share (EPS) estimates for Packaging Corporation of America in a note issued to investors on Wednesday, November 11th. Zacks Research analyst Team now anticipates that the industrial products company will earn $10.60 per share for the year, up from their previous estimate of $10.44. The consensus estimate for Packaging Corporation of America's current full-year earnings is $10.56 per share. Zacks Research also issued estimates for Packaging Corporation of America's Q4 2026 earnings at $2.81 EPS, Q2 2027 earnings at $2.94 EPS, Q3 2027 earnings at $3.43 EPS and Q3 2028 earnings at $4.09 EPS.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $3.04 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.11. The firm had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.61 billion. Packaging Corporation of America had a return on equity of 19.43% and a net margin of 7.40%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.73 earnings per share.

Several other analysts also recently issued reports on the stock. Citigroup lifted their price target on shares of Packaging Corporation of America from $253.00 to $262.00 and gave the company a "neutral" rating in a research report on Monday, October 26th. Bank of America decreased their price target on shares of Packaging Corporation of America from $280.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, September 11th. UBS Group lowered their price objective on shares of Packaging Corporation of America from $292.00 to $289.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Weiss Ratings raised shares of Packaging Corporation of America from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, October 27th. Finally, Wells Fargo & Company reduced their price objective on shares of Packaging Corporation of America from $246.00 to $245.00 and set an "equal weight" rating for the company in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Packaging Corporation of America has an average rating of "Moderate Buy" and a consensus target price of $275.43.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $251.01 on Friday. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $262.59. The stock's 50 day moving average is $239.63 and its 200-day moving average is $230.96. The company has a quick ratio of 1.82, a current ratio of 2.87 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.90 and a beta of 0.76.

Hedge Funds Weigh In On Packaging Corporation of America

Several large investors have recently bought and sold shares of PKG. Greenleaf Trust grew its stake in shares of Packaging Corporation of America by 1.7% in the 2nd quarter. Greenleaf Trust now owns 2,705 shares of the industrial products company's stock worth $645,000 after acquiring an additional 46 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. lifted its position in shares of Packaging Corporation of America by 20.7% during the third quarter. SBI Okasan Asset Management Co.Ltd. now owns 333 shares of the industrial products company's stock valued at $78,000 after purchasing an additional 57 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Packaging Corporation of America by 4.0% during the third quarter. Pinnacle Associates Ltd. now owns 1,547 shares of the industrial products company's stock valued at $355,000 after purchasing an additional 59 shares in the last quarter. CX Institutional lifted its position in shares of Packaging Corporation of America by 8.2% during the second quarter. CX Institutional now owns 816 shares of the industrial products company's stock valued at $195,000 after purchasing an additional 62 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Packaging Corporation of America by 3.1% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,110 shares of the industrial products company's stock valued at $484,000 after purchasing an additional 63 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Transactions at Packaging Corporation of America

In related news, VP Donald Shirley sold 12,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the sale, the vice president directly owned 19,110 shares of the company's stock, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company's stock.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 15th were issued a dividend of $1.50 per share. The ex-dividend date was Tuesday, September 15th. This represents a $6.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America's dividend payout ratio is 73.89%.

Packaging Corporation of America Company Profile

Packaging Corporation of America (PCA) manufactures containerboard and corrugated packaging. Its packaging products include shipping boxes, retail displays and other protective packaging used to move and present goods. The company operates mills that produce containerboard and facilities that convert it into corrugated products. PCA also makes and sells paper products, including communication and specialty papers. Founded in 1999 as a spin-off from Tenneco, PCA is based in Lake Forest, Illinois, and serves customers primarily in the United States through a network of mills and packaging plants.

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