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
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
Phone847-482-3000
Debt
Current Ratio2.76
Quick Ratio1.74
Price-To-Earnings
Sales & Book Value
Annual Sales$6.44 billion
Price / Sales1.31
Price / Cash Flow8.67
Price / Book3.86
Profitability
Net Income$668.60 million
Net Margins11.54%
Return on Assets11.16%
Miscellaneous
Employees14,600
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 3.54%. The ex-dividend date 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) released its earnings results on Wednesday, October, 24th. The industrial products company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.08. The industrial products company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. Packaging Corp Of America had a return on equity of 29.96% and a net margin of 11.54%. 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 EPS guidance of approx $2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.12.
What price target have analysts set for PKG?
11 brokerages have issued twelve-month price objectives for Packaging Corp Of America's stock. Their forecasts range from $88.00 to $138.00. On average, they expect Packaging Corp Of America's stock price to reach $110.4444 in the next twelve months. This suggests a possible upside of 23.7% 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 6 hold ratings and 5 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 Corporation projects fourth-quarter 2018 earnings of around $2.15 per share, indicating year-over-year growth of 38%. Packaging Corporation is poised to gain from strong demand and price increases. Improved activities in the Wallula mill, growth in e-commerce, acquisitions and lower tax rate will also aid results. Packaging Corporation will benefit from the e-commerce boom that will lead to increase in demand in boxes. Its estimates have moved upward over the past 60 days. The company has positive record of earnings surprises in recent quarters." (12/31/2018)
- 2. 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)
Has Packaging Corp Of America been receiving favorable news coverage?
Press coverage about PKG stock has trended somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 -1.2 on InfoTrie's scale. They also gave news headlines about the industrial products company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term.
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), Eaton (ETN), Johnson Controls International (JCI), Mitsui & Co Ltd (MITSY), Roper Technologies (ROP), MURATA MFG CO L/ADR (MRAAY), Ingersoll-Rand (IR), Komatsu (KMTUY), ATLAS COPCO AB/S (ATLKY), Parker-Hannifin (PH), Stanley Black & Decker (SWK), SANDVIK AB/ADR (SDVKY), Rockwell Automation (ROK), ASSA ABLOY AB/S (ASAZY) 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 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 investors include JLB & Associates Inc. (0.09%), Ferguson Wellman Capital Management Inc. (0.07%), State of Alaska Department of Revenue (0.04%), New England Research & Management Inc. (0.02%), DNB Asset Management AS (0.02%) and Boston Advisors LLC (0.01%). 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 major investors are selling Packaging Corp Of America stock?
PKG stock was sold by a variety of institutional investors in the last quarter, including Boston Advisors LLC, Ferguson Wellman Capital Management Inc., Daiwa SB Investments Ltd., LifePlan Financial Group Inc, Louisiana State Employees Retirement System, Virtu Financial LLC, State of Alaska Department of Revenue and First Midwest Bank Trust Division. View Insider Buying and Selling for Packaging Corp Of America.
Which major investors are buying Packaging Corp Of America stock?
PKG stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, JLB & Associates Inc., Cerebellum GP LLC, Fox Run Management L.L.C., New England Research & Management Inc., Cape Cod Five Cents Savings Bank, BKD Wealth Advisors LLC and First Hawaiian Bank. 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 $89.25.
How big of a company is Packaging Corp Of America?
Packaging Corp Of America has a market capitalization of $8.43 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.
