Brokers Set Expectations for Packaging Co. of America's Q4 2024 Earnings (NYSE:PKG)

Packaging Co. of America (NYSE:PKG - Free Report) - Zacks Research raised their Q4 2024 earnings per share estimates for Packaging Co. of America in a research note issued on Tuesday, April 9th. Zacks Research analyst S. Deb now expects that the industrial products company will post earnings per share of $2.05 for the quarter, up from their prior estimate of $2.04. The consensus estimate for Packaging Co. of America's current full-year earnings is $8.18 per share. Zacks Research also issued estimates for Packaging Co. of America's FY2025 earnings at $8.57 EPS and Q1 2026 earnings at $2.33 EPS.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.30. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Packaging Co. of America had a return on equity of 20.25% and a net margin of 9.81%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.35 earnings per share.

Other equities analysts also recently issued reports about the company. Truist Financial lifted their price target on Packaging Co. of America from $170.00 to $187.00 and gave the stock a "buy" rating in a research note on Thursday, January 4th. Citigroup raised their target price on shares of Packaging Co. of America from $172.00 to $183.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Monday, February 12th. Bank of America raised shares of Packaging Co. of America from a "neutral" rating to a "buy" rating and raised their target price for the stock from $172.00 to $202.00 in a report on Monday, March 4th. Finally, Seaport Res Ptn cut shares of Packaging Co. of America from a "buy" rating to a "neutral" rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $169.50.

Packaging Co. of America Stock Down 1.1 %

NYSE:PKG traded down $2.04 during mid-day trading on Wednesday, reaching $187.82. The stock had a trading volume of 429,631 shares, compared to its average volume of 673,470. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 4.66 and a beta of 0.78. Packaging Co. of America has a 1-year low of $122.20 and a 1-year high of $191.27. The stock's 50 day simple moving average is $178.93 and its two-hundred day simple moving average is $166.19. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.57 and a quick ratio of 1.77.

Hedge Funds Weigh In On Packaging Co. of America

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKG. Vanguard Group Inc. boosted its stake in shares of Packaging Co. of America by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 12,047,771 shares of the industrial products company's stock valued at $1,880,777,000 after buying an additional 161,559 shares during the period. BlackRock Inc. boosted its stake in shares of Packaging Co. of America by 1.7% during the 1st quarter. BlackRock Inc. now owns 9,048,220 shares of the industrial products company's stock valued at $1,256,164,000 after buying an additional 151,624 shares during the period. State Street Corp boosted its stake in shares of Packaging Co. of America by 16.8% during the 1st quarter. State Street Corp now owns 4,607,784 shares of the industrial products company's stock valued at $645,404,000 after buying an additional 663,047 shares during the period. FIL Ltd lifted its stake in shares of Packaging Co. of America by 2.6% in the 4th quarter. FIL Ltd now owns 2,210,000 shares of the industrial products company's stock valued at $360,031,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Packaging Co. of America by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,186,729 shares of the industrial products company's stock valued at $335,772,000 after purchasing an additional 11,536 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Thomas A. Hassfurther sold 13,850 shares of Packaging Co. of America stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $181.06, for a total transaction of $2,507,681.00. Following the sale, the vice president now owns 187,647 shares of the company's stock, valued at $33,975,365.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Thomas A. Hassfurther sold 13,850 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $181.06, for a total transaction of $2,507,681.00. Following the transaction, the vice president now owns 187,647 shares in the company, valued at $33,975,365.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas A. Hassfurther sold 14,191 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the transaction, the vice president now owns 183,930 shares in the company, valued at approximately $31,967,034. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,041 shares of company stock valued at $6,799,177. Insiders own 1.70% of the company's stock.

Packaging Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.66%. Packaging Co. of America's dividend payout ratio (DPR) is presently 58.96%.

About Packaging Co. of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and 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, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.