Packaging Corporation of America (NYSE:PKG) Issues Earnings Results, Beats Expectations By $0.04 EPS

Packaging Corporation of America (NYSE:PKG - Get Free Report) posted its quarterly earnings data on Wednesday. The industrial products company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04, Zacks reports. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.36%. Packaging Corporation of America's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 EPS. Packaging Corporation of America updated its Q3 2025 guidance to 2.800-2.800 EPS.

Packaging Corporation of America Stock Performance

Shares of PKG stock traded up $0.49 during trading hours on Friday, hitting $206.42. The company's stock had a trading volume of 629,946 shares, compared to its average volume of 871,821. The company has a 50 day moving average of $195.67 and a 200 day moving average of $200.74. The stock has a market cap of $18.57 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.73 and a beta of 0.82. The company has a current ratio of 3.28, a quick ratio of 2.15 and a debt-to-equity ratio of 0.55. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, June 13th. Packaging Corporation of America's dividend payout ratio (DPR) is currently 52.30%.

Analysts Set New Price Targets

A number of research analysts have issued reports on PKG shares. Truist Financial cut their price target on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday. Citigroup upped their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research note on Friday. Wall Street Zen lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Wells Fargo & Company upped their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Packaging Corporation of America has a consensus rating of "Hold" and an average price target of $213.40.

Institutional Trading of Packaging Corporation of America

Several large investors have recently made changes to their positions in PKG. Geneos Wealth Management Inc. boosted its holdings in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 57 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Packaging Corporation of America by 73.5% during the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company's stock worth $585,000 after buying an additional 1,252 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Packaging Corporation of America by 538.6% during the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company's stock worth $1,248,000 after buying an additional 5,316 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

About Packaging Corporation 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.