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 year. There are currently 1 sell rating, 4 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 equities research analysts have issued twelve-month target prices for Packaging Co. of America's shares. Their PKG share price forecasts range from $112.00 to $176.00. On average, they expect the company's share price to reach $144.14 in the next year. This suggests a possible upside of 24.1% from the stock's current price.
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Packaging Co. of America's stock was trading at $136.15 at the beginning of the year. Since then, PKG stock has decreased by 14.7% and is now trading at $116.16.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
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Packaging Co. of America will be holding an earnings conference call on Tuesday, October 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "8761960".

Packaging Co. of America (NYSE:PKG) issued its quarterly earnings results on Monday, July, 25th. The industrial products company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.36. The industrial products company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Packaging Co. of America had a net margin of 12.13% and a trailing twelve-month return on equity of 28.76%. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.17 EPS.
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Packaging Co. of America announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Monday, October 3rd will be paid a dividend of $1.25 per share on Monday, October 17th. This represents a $5.00 annualized dividend and a yield of 4.30%. 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 4.23%. PKG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 46.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 47.13% 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 third quarter 2022 earnings guidance on Monday, August, 1st. The company provided earnings per share (EPS) guidance of $2.80-$2.80 for the period, compared to the consensus EPS estimate of $3.13. 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), Honeywell International (HON), 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 Capital Investment Advisors LLC (0.01%) and Bowling Portfolio Management LLC (0.00%). 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 $116.16.

Packaging Co. of America (NYSE:PKG) has a market capitalization of $10.89 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 $10.81 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.