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NYSE:PKG - Packaging Corp Of America Stock Price, Forecast & News

$92.45
-1.76 (-1.87 %)
(As of 02/27/2020 10:32 AM ET)
Today's Range
$92.04
Now: $92.45
$93.15
50-Day Range
$94.21
MA: $102.65
$109.05
52-Week Range
$87.85
Now: $92.45
$114.78
Volume7,618 shs
Average Volume947,064 shs
Market Capitalization$8.75 billion
P/E Ratio12.61
Dividend Yield3.35%
Beta1.71
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. Read More…

Industry, Sector and Symbol

Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
CUSIP69515610
Phone847-482-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.96 billion
Cash Flow$12.25 per share
Book Value$28.28 per share

Profitability

Net Income$696.40 million

Miscellaneous

Employees15,000
Market Cap$8.75 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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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 Tuesday, February 25th. Investors of record on Friday, March 13th will be given a dividend of $0.79 per share on Wednesday, April 15th. This represents a $3.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, March 12th. View Packaging Corp Of America's Dividend History.

How were Packaging Corp Of America's earnings last quarter?

Packaging Corp Of America (NYSE:PKG) posted its quarterly earnings results on Wednesday, January, 29th. The industrial products company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.01. The industrial products company earned $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. Packaging Corp Of America had a net margin of 10.00% and a return on equity of 24.89%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $2.17 earnings per share. View Packaging Corp Of America's Earnings History.

When is Packaging Corp Of America's next earnings date?

Packaging Corp Of America is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Packaging Corp Of America.

What guidance has Packaging Corp Of America issued on next quarter's earnings?

Packaging Corp Of America updated its first quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of approx $1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.64.

What price target have analysts set for PKG?

14 equities research analysts have issued twelve-month price targets for Packaging Corp Of America's shares. Their forecasts range from $89.00 to $118.00. On average, they expect Packaging Corp Of America's share price to reach $105.92 in the next year. This suggests a possible upside of 14.6% 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?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Corp Of America in the last year. There are currently 2 sell ratings, 10 hold ratings and 2 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. According to Zacks Investment Research, "Packaging Corp projects earnings per share of around $1.70 for fourth-quarter 2019 compared with the prior-year quarter’s $2.15 per share. The guidance reflects year-over-year decline of 21%. The company expects slightly lower prices, higher operating and converting costs in its segments as well as sequentially higher maintenance outage costs, for the fourth quarter. Nevertheless, Packaging Corp is poised to benefit from strong demand stemming from the booming ecommerce market that will lead to increase in box demand. The company’s discontinuation of the production of uncoated free sheet and coated one-side grades at the Wallula mill will help the company to improve margins in the paper segment. It maintains a balanced approach toward capital allocation in order to profitably grow the company and maximize shareholders returns." (1/6/2020)
  • 2. 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)

Has Packaging Corp Of America been receiving favorable news coverage?

Media headlines about PKG stock have trended negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Packaging Corp Of America earned a daily sentiment score of -2.0 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Packaging Corp Of America.

Are investors shorting Packaging Corp Of America?

Packaging Corp Of America saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 3,980,000 shares, an increase of 21.0% from the January 30th total of 3,290,000 shares. Based on an average trading volume of 739,100 shares, the days-to-cover ratio is presently 5.4 days. Approximately 4.3% of the shares of the stock are sold short. View Packaging Corp Of America's Current Options Chain.

Who are some of Packaging Corp Of America's key competitors?

What other stocks do shareholders of Packaging Corp Of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Corp Of America investors own include Home Depot (HD), Verizon Communications (VZ), Intel (INTC), AT&T (T), Johnson & Johnson (jnj), Boeing (BA), NVIDIA (NVDA), Cisco Systems (CSCO), Alibaba Group (BABA) and Visa (V).

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 many different of institutional and retail investors. Top institutional shareholders include Bank of America Corp DE (7.33%), Capital World Investors (4.81%), State Street Corp (4.36%), Maj Invest Holding A S (1.92%), Goldman Sachs Group Inc. (1.62%) and Geode Capital Management LLC (1.60%). Company insiders that own Packaging Corp Of America stock include Bruce A Ridley, Donald R Shirley, Paul T Stecko, Robert C Lyons 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 LSV Asset Management, Schroder Investment Management Group, Bank of New York Mellon Corp, Wedge Capital Management L L P NC, Cubist Systematic Strategies LLC, California Public Employees Retirement System, Usca Ria LLC and Eaton Vance Management. Company insiders that have sold Packaging Corp Of America company stock in the last year include Bruce A Ridley, Donald R Shirley and Thomas WH Walton. View Insider Buying and Selling for Packaging Corp Of America.

Which institutional investors are buying Packaging Corp Of America stock?

PKG stock was bought by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Goldman Sachs Group Inc., Janus Henderson Group PLC, Maj Invest Holding A S, Capital World Investors, Public Sector Pension Investment Board, Hennessy Advisors Inc. and UBS Group AG. 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, Robinhood, 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 $92.45.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $8.75 billion and generates $6.96 billion in revenue each year. The industrial products company earns $696.40 million in net income (profit) each year or $7.65 on an earnings per share basis. Packaging Corp Of America employs 15,000 workers across the globe.View Additional Information About Packaging Corp Of America.

What is Packaging Corp Of America's official website?

The official website for Packaging Corp Of America is http://www.packagingcorp.com/.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  465 (Thanks for Voting!)
Underperform Votes:  536 (Thanks for Voting!)
Total Votes:  1,001
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.
This page was last updated on 2/27/2020 by MarketBeat.com Staff

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