Packaging Co. of America - PKG Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PKG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PKG, but not buy additional shares or sell existing shares.
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7 brokers have issued twelve-month price objectives for Packaging Co. of America's shares. Their PKG share price forecasts range from $99.00 to $176.00. On average, they predict the company's share price to reach $133.89 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
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Packaging Co. of America's stock was trading at $136.15 at the start of the year. Since then, PKG stock has decreased by 2.5% and is now trading at $132.69.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Packaging Co. of America (NYSE:PKG) posted its quarterly earnings data on Tuesday, October, 25th. The industrial products company reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.02. The industrial products company earned $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Packaging Co. of America had a trailing twelve-month return on equity of 28.32% and a net margin of 12.09%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.69 earnings per share.
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Packaging Co. of America declared a quarterly dividend on Wednesday, September 21st. Investors of record on Monday, October 3rd will be given a dividend of $1.25 per share on Monday, October 17th. This represents a $5.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, September 30th.
Read our dividend analysis for PKG.

Packaging Co. of America (NYSE:PKG) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.84%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 54.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PKG.

Packaging Co. of America updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $2.22-$2.22 for the period, compared to the consensus EPS estimate of $2.56. The company issued revenue guidance of -.

114 employees have rated Packaging Co. of America Chief Executive Officer Mark W. Kowlzan on Glassdoor.com. Mark W. Kowlzan has an approval rating of 95% among the company's employees. This puts Mark W. Kowlzan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Co. of America investors own include Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Boeing (BA), NVIDIA (NVDA) and Bristol-Myers Squibb (BMY).

Packaging Co. of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKG."

Packaging Co. of America's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.99%), BlackRock Inc. (9.41%), State Street Corp (4.33%), Victory Capital Management Inc. (3.35%), Price T Rowe Associates Inc. MD (3.05%) and Maj Invest Holding A S (2.35%). Insiders that own company stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Donna A Harman, Robert Andrew Schneider, Robert C Lyons, Robert P Mundy, Thomas A Hassfurther and Thomas WH Walton.
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Shares of PKG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PKG stock can currently be purchased for approximately $132.69.

Packaging Co. of America (NYSE:PKG) has a market capitalization of $12.28 billion and generates $7.73 billion in revenue each year. The industrial products company earns $841.10 million in net income (profit) each year or $10.98 on an earnings per share basis.

The company employs 15,200 workers across the globe.

Packaging Co. of America's mailing address is 1 NORTH FIELD COURT, LAKE FOREST IL, 60045. The official website for the company is www.packagingcorp.com. The industrial products company can be reached via phone at (847) 482-3000 or via fax at 847-482-4545.