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. It also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. Its Paper segment manufactures and sells white papers comprising commodity and specialty papers with various features, such as colors, coatings, high brightness, and recycled content. The white papers also consist of communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through the company's own sales personnel. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
Industry, Sector and Symbol
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
Phone847-482-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$7.01 billion
Profitability
Miscellaneous
Employees15,000
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable
Packaging Corp Of America (NYSE:PKG) Frequently Asked Questions
What is Packaging Corp Of America's stock symbol?
Packaging Corp Of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKG."
How often does Packaging Corp Of America pay dividends? What is the dividend yield for Packaging Corp Of America?
Packaging Corp Of America announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.79 per share on Monday, April 15th. This represents a $3.16 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, March 14th. View Packaging Corp Of America's Dividend History.
How were Packaging Corp Of America's earnings last quarter?
Packaging Corp Of America (NYSE:PKG) announced its earnings results on Wednesday, April, 24th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.02. The industrial products company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Packaging Corp Of America had a return on equity of 30.83% and a net margin of 10.52%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 EPS. View Packaging Corp Of America's Earnings History.
When is Packaging Corp Of America's next earnings date?
What guidance has Packaging Corp Of America issued on next quarter's earnings?
Packaging Corp Of America updated its second quarter earnings guidance on Wednesday, April, 24th. The company provided earnings per share (EPS) guidance of $2.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.10.
What price target have analysts set for PKG?
10 analysts have issued twelve-month price objectives for Packaging Corp Of America's stock. Their predictions range from $88.00 to $120.00. On average, they anticipate Packaging Corp Of America's share price to reach $104.1250 in the next year. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Packaging Corp Of America.
What is the consensus analysts' recommendation for Packaging Corp Of America?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Corp Of America in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Packaging Corp Of America.
What are Wall Street analysts saying about Packaging Corp Of America stock?
Here are some recent quotes from research analysts about Packaging Corp Of America stock:
- 1. KeyCorp analysts commented, "We are leaving our recently-reduced 2019 and 2020 estimates unchanged post-earnings, and remain Sector Weight given our concerns about global containerboard market conditions (prices are falling in all major markets). As just stated, we are maintaining our 2019 adj. EPS estimate of $8.19 (consensus is $8.27) and 2020 estimate of $8.25 (consensus is $8.03) following the slight 1Q beat and 2Q guide-below. In terms of PKG’s box demand trends, its 1Q shipments were up 0.7% (the industry was down 0.5%, by comparison) and its shipments in the 15 days of April were up a fairly similar 0.5%. The Company made the point that it’s not just U.S. containerboard exports that are affected by economic weakness in other markets; U.S. box shipments are affected as well, as many of its customers are global companies." (4/25/2019)
- 2. According to Zacks Investment Research, "Packaging Corporation of America projects first-quarter 2019 earnings of around $1.97 per share, indicating year-over-year growth of 27%. The company anticipates higher labor and benefits costs and other timing-related expenses in the first quarter of 2019. Though costs for freight and recycled fiber will be fairly flat, most of chemical and repair and materials costs will remain inflated. Further, seasonally colder weather will result in higher energy usage and wood costs. Further, the impact of annual maintenance outages at its mills in 2019 owing to lost volume, direct costs and amortized repair costs will collectively impact fiscal earnings per share by 59 cents. The stock has underperformed the industry over the past year. " (4/10/2019)
Has Packaging Corp Of America been receiving favorable news coverage?
Media headlines about PKG stock have trended somewhat positive on Thursday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Packaging Corp Of America earned a news impact score of 1.5 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Packaging Corp Of America's key competitors?
Some companies that are related to Packaging Corp Of America include FANUC LTD JAPAN/ADR (FANUY), Roper Technologies (ROP), Eaton (ETN), MURATA MFG CO L/ADR (MRAAY), Johnson Controls International (JCI), Mitsui & Co Ltd (MITSY), Ingersoll-Rand (IR), ATLAS COPCO AB/S (ATLKY), Parker-Hannifin (PH), ASSA ABLOY AB/S (ASAZY), Komatsu (KMTUY), SANDVIK AB/ADR (SDVKY), Rockwell Automation (ROK), Stanley Black & Decker (SWK) and Cintas (CTAS).
What other stocks do shareholders of Packaging Corp Of America own?
Who are Packaging Corp Of America's key executives?
Packaging Corp Of America's management team includes the folowing people:
- Mr. Mark W. Kowlzan, Chairman & CEO (Age 63)
- Mr. Robert P. Mundy, Sr. VP & CFO (Age 57)
- Mr. Kent A. Pflederer, Sr. VP, Gen. Counsel & Sec. (Age 48)
- Mr. Thomas A. Hassfurther, Exec. VP of Corrugated Products (Age 63)
- Mr. Charles J. Carter, Sr. VP of Containerboard Mill Operations (Age 59)
Who are Packaging Corp Of America's major shareholders?
Packaging Corp Of America's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Maj Invest Holding A S (1.77%), Hamlin Capital Management LLC (0.44%), CHURCHILL MANAGEMENT Corp (0.14%), BNP Paribas Arbitrage SA (0.05%), Retirement Systems of Alabama (0.05%) and BB&T Corp (0.05%). Company insiders that own Packaging Corp Of America stock include Charles J Carter, Jason Wayne Moreau, Kelly Abbott, Paul T Stecko, Thomas A Hassfurther and Thomas WH Walton. View Institutional Ownership Trends for Packaging Corp Of America.
Which institutional investors are selling Packaging Corp Of America stock?
PKG stock was sold by a variety of institutional investors in the last quarter, including Ferguson Wellman Capital Management Inc., BNP Paribas Arbitrage SA, Hamlin Capital Management LLC, Central Bank & Trust Co., Nisa Investment Advisors LLC, First Quadrant L P CA, DNB Asset Management AS and First Hawaiian Bank. View Insider Buying and Selling for Packaging Corp Of America.
Which institutional investors are buying Packaging Corp Of America stock?
PKG stock was acquired by a variety of institutional investors in the last quarter, including Maj Invest Holding A S, CHURCHILL MANAGEMENT Corp, Norman Fields Gottscho Capital Management LLC, CX Institutional, Mercer Global Advisors Inc. ADV, Los Angeles Capital Management & Equity Research Inc., Mercer Global Advisors Inc. ADV and Manning & Napier Group LLC. Company insiders that have bought Packaging Corp Of America stock in the last two years include Jason Wayne Moreau and Kelly Abbott. View Insider Buying and Selling for Packaging Corp Of America.
How do I buy shares of Packaging Corp Of America?
Shares of PKG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Packaging Corp Of America's stock price today?
One share of PKG stock can currently be purchased for approximately $97.94.
How big of a company is Packaging Corp Of America?
Packaging Corp Of America has a market capitalization of $9.26 billion and generates $7.01 billion in revenue each year. The industrial products company earns $738 million in net income (profit) each year or $8.03 on an earnings per share basis. Packaging Corp Of America employs 15,000 workers across the globe.
What is Packaging Corp Of America's official website?
How can I contact Packaging Corp Of America?
Packaging Corp Of America's mailing address is 1 NORTH FIELD COURT, LAKE FOREST IL, 60045. The industrial products company can be reached via phone at 847-482-3000.
MarketBeat Community Rating for Packaging Corp Of America (NYSE PKG)
MarketBeat's community ratings are surveys of what our community members think about Packaging Corp Of America and other stocks. Vote "Outperform" if you believe PKG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PKG will underperform the S&P 500 over the long term. You may vote once every thirty days.
