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

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$92.39 -4.45 (-4.60 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$96.84
Today's Range$91.72 - $94.80
52-Week Range$77.90 - $124.70
Volume985,053 shs
Average Volume872,258 shs
Market Capitalization$8.73 billion
P/E Ratio11.51
Dividend Yield3.26%
Beta1.77
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.

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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$7.01 billion
Cash Flow$11.9059 per share
Book Value$29.57 per share

Profitability

Net Income$738 million

Miscellaneous

Employees15,000
Market Cap$8.73 billion
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 Monday, May 13th. Stockholders of record on Friday, June 14th will be given a dividend of $0.79 per share on Monday, July 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 13th. View Packaging Corp Of America's Dividend History.

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

Packaging Corp Of America (NYSE:PKG) issued its quarterly earnings data on Wednesday, April, 24th. The industrial products company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.02. The industrial products company earned $1.73 billion during the quarter, compared to analysts' expectations of $1.77 billion. Packaging Corp Of America had a return on equity of 30.86% and a net margin of 11.12%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. 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, July 24th 2019. 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 issued an update on its second quarter earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of $2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.10.

What price target have analysts set for PKG?

11 analysts have issued 1 year price objectives for Packaging Corp Of America's shares. Their predictions range from $88.00 to $120.00. On average, they anticipate Packaging Corp Of America's stock price to reach $104.20 in the next year. This suggests a possible upside of 12.8% 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?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Corp Of America in the last year. There are currently 8 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?

Press coverage about PKG stock has trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Packaging Corp Of America earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.

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), Intel (INTC), Boeing (BA), Johnson & Johnson (JNJ), Verizon Communications (VZ), Visa (V), AT&T (T), Alibaba Group (BABA), Ford Motor (F) and General Electric (GE).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (10.89%), Wellington Management Group LLP (3.56%), Wells Fargo & Company MN (2.64%), JPMorgan Chase & Co. (2.28%), LSV Asset Management (2.14%) and Maj Invest Holding A S (1.77%). 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 Voya Investment Management LLC, Victory Capital Management Inc., First Eagle Investment Management LLC, The Manufacturers Life Insurance Company , FMR LLC, Wellington Management Group LLP, Oxford Asset Management LLP and Ferguson Wellman Capital Management Inc.. View Insider Buying and Selling for Packaging Corp Of America.

Which institutional investors are buying Packaging Corp Of America stock?

PKG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Maj Invest Holding A S, AJO LP, JPMorgan Chase & Co., Man Group plc, CHURCHILL MANAGEMENT Corp, SG Americas Securities LLC and Icon Advisers Inc. Co.. 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 $92.39.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $8.73 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?

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:  419 (Vote Outperform)
Underperform Votes:  480 (Vote Underperform)
Total Votes:  899
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 5/20/2019 by MarketBeat.com Staff

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