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; and pressure sensitive papers, such as release liners that are used to produce labels for use in consumer and commercially-packaged products. 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
Stock Exchange NYSE
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
Current SymbolNYSE:PKG
Previous Symbol
CUSIP69515610
Phone847-482-3000
Debt
Debt-to-Equity Ratio0.99
Current Ratio2.76
Quick Ratio1.74
Price-To-Earnings
Trailing P/E Ratio15.37
Forward P/E Ratio11.52
P/E Growth1.39
Sales & Book Value
Annual Sales$6.44 billion
Price / Sales1.36
Cash Flow$10.2323 per share
Price / Cash Flow9.04
Book Value$23.13 per share
Price / Book4.00
Profitability
EPS (Most Recent Fiscal Year)$6.02
Net Income$668.60 million
Net Margins11.54%
Return on Equity29.96%
Return on Assets11.16%
Miscellaneous
Employees14,600
Outstanding Shares94,500,000
Market Cap$8.78 billion
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 declared a quarterly dividend on Wednesday, December 5th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.79 per share on Tuesday, January 15th. This represents a $3.16 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, December 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) issued its earnings results on Wednesday, October, 24th. The industrial products company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.15 by $0.08. The industrial products company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.76 billion. Packaging Corp Of America had a net margin of 11.54% and a return on equity of 29.96%. 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 issued an update on its fourth quarter earnings guidance on Wednesday, October, 24th. The company provided earnings per share (EPS) guidance of approx $2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.12.
What price target have analysts set for PKG?
11 brokers have issued 1-year target prices for Packaging Corp Of America's stock. Their predictions range from $95.00 to $138.00. On average, they anticipate Packaging Corp Of America's share price to reach $115.70 in the next year. This suggests a possible upside of 25.1% 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 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 slightly increasing our 2018 adj. EPS estimate from $7.93 to $8.04 (consensus was $7.92), though slightly reducing our 2019 estimate from $8.78 to $8.65 (consensus was the same heading into earnings). Our 2018 estimate is increasing to reflect better- than-expected results in PKG’s uncoated freesheet business, while our 2019 estimate is coming down to reflect our continued concerns about the sustainability of current containerboard industry conditions. Regarding the latter, we think we’re at the peak of the global economic cycle, not to mention the fact that substantial containerboard supply is scheduled to hit the market in the coming months and years as we’ve noted on numerous occasions." (10/25/2018)
- 2. According to Zacks Investment Research, "Packaging Corporation's results will be impacted by the prevailing inflation. Majority of operating costs, including higher recycled fiber prices and incremental wage pressure with a tighter labor market will hurt margins. Also, increased freight, logistic expenses and higher maintenance outage costs remain headwinds. Its estimates have been going down over the past 60 days. Moreover, the stock has underperformed the industry it belongs to in a year’s time." (9/26/2018)
Has Packaging Corp Of America been receiving favorable news coverage?
News stories about PKG stock have trended very positive this week, InfoTrie reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 media sentiment score of 3.9 on InfoTrie's scale. They also gave news coverage 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 impact on the company's share price in the near future.
Who are some of Packaging Corp Of America's key competitors?
Some companies that are related to Packaging Corp Of America include Eaton (ETN), MURATA MFG CO L/ADR (MRAAY), Johnson Controls International (JCI), FANUC LTD JAPAN/ADR (FANUY), Roper Technologies (ROP), Mitsui & Co Ltd (MITSY), Ingersoll-Rand (IR), Komatsu (KMTUY), Parker-Hannifin (PH), Kubota (KUBTY), Rockwell Automation (ROK), ATLAS COPCO AB/S (ATLKY), ASSA ABLOY AB/S (ASAZY), Stanley Black & Decker (SWK) and Cintas (CTAS).
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 62)
- Mr. Robert P. Mundy, Sr. VP & CFO (Age 56)
- Mr. Kent A. Pflederer, Sr. VP, Gen. Counsel & Sec. (Age 47)
- Mr. Thomas A. Hassfurther, Exec. VP of Corrugated Products (Age 62)
- Mr. Charles J. Carter, Sr. VP of Containerboard Mill Operations (Age 58)
Who are Packaging Corp Of America's major shareholders?
Packaging Corp Of America's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.84%), BlackRock Inc. (9.88%), FMR LLC (3.18%), Wells Fargo & Company MN (2.01%), Victory Capital Management Inc. (1.82%) and Bank of New York Mellon Corp (1.68%). 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 Iridian Asset Management LLC CT, Janus Henderson Group PLC, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Glenmede Trust Co. NA, Prudential Financial Inc., Vanguard Group Inc. and Skandinaviska Enskilda Banken AB publ. 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 JPMorgan Chase & Co., Schroder Investment Management Group, Menora Mivtachim Holdings LTD., Morgan Stanley, Eaton Vance Management, Pictet Asset Management Ltd., Deutsche Bank AG and Westpac Banking Corp. 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 $92.50.
How big of a company is Packaging Corp Of America?
Packaging Corp Of America has a market capitalization of $8.78 billion and generates $6.44 billion in revenue each year. The industrial products company earns $668.60 million in net income (profit) each year or $6.02 on an earnings per share basis. Packaging Corp Of America employs 14,600 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.
