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
SymbolNYSE:PKG
CUSIP69515610
Phone847-482-3000
Debt
Debt-to-Equity Ratio1.10
Current Ratio2.72
Quick Ratio1.58
Price-To-Earnings
Trailing P/E Ratio19.22
Forward P/E Ratio14.54
P/E Growth1.75
Sales & Book Value
Annual Sales$6.44 billion
Price / Sales1.69
Cash Flow$10.2299 per share
Price / Cash11.31
Book Value$23.13 per share
Price / Book5.00
Profitability
EPS (Most Recent Fiscal Year)$6.02
Net Income$668.60 million
Net Margins10.48%
Return on Equity28.10%
Return on Assets9.80%
Miscellaneous
Employees14,600
Outstanding Shares94,350,000
Market Cap$10,971.58
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 Tuesday, May 15th. Investors of record on Friday, June 15th will be given a dividend of $0.79 per share on Friday, July 13th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, June 14th. This is an increase from Packaging Corp Of America's previous quarterly dividend of $0.63. 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 results on Tuesday, April, 24th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.53 by $0.02. The industrial products company earned $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. Packaging Corp Of America had a net margin of 10.48% and a return on equity of 28.10%. Packaging Corp Of America's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 EPS. 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 updated its second quarter earnings guidance on Tuesday, April, 24th. The company provided EPS guidance of approx $1.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.88.
What price target have analysts set for PKG?
11 analysts have issued 12-month price targets for Packaging Corp Of America's shares. Their forecasts range from $120.00 to $150.00. On average, they expect Packaging Corp Of America's stock price to reach $130.20 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price. View Analyst Ratings 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."
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 expects that its second-quarter 2018 earnings will be $1.96 per share, reflecting 29% year-over-year growth. It expects demand in Packaging segment to remain strong in the second quarter, resulting in higher corrugated products and containerboard shipments. Packaging Corporation will also benefit from price increases, improved activities in the Wallula mill, and growth in e-commerce. Lower tax rate will also aid results. The stock has outperformed the industry it belongs to in a year’s time. However, Packaging Corporation's results will be impacted by lower containerboard volumes in the Paper segment, elevated costs and strong competition." (6/27/2018)
- 2. KeyCorp analysts commented, "We are reducing our 2018 and 2019 EBITDA estimates following the Company’s 1Q18 guidance, but increasing our EPS estimates to reflect tax benefits." (2/2/2018)
Who are some of Packaging Corp Of America's key competitors?
Some companies that are related to Packaging Corp Of America include MURATA Mfg Co L/ADR (MRAAY), FANUC Ltd JAPAN/ADR (FANUY), Eaton (ETN), Johnson Controls International (JCI), Mitsui & Co Ltd (MITSY), Roper Technologies (ROP), Komatsu (KMTUY), ATLAS COPCO AB/S (ATLKY), Ingersoll-Rand (IR), SANDVIK AB/ADR (SDVKY), Parker-Hannifin (PH), Tenaris (TS), Rockwell Automation (ROK), Stanley Black & Decker (SWK) and Atlantia (ATL).
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)
Has Packaging Corp Of America been receiving favorable news coverage?
Media coverage about PKG stock has been trending somewhat positive on Sunday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Packaging Corp Of America earned a media sentiment score of 0.17 on Accern's scale. They also assigned press coverage about the industrial products company an impact score of 46.44 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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 shareholders include Bank of Montreal Can (0.11%), Howard Capital Management Inc. (0.10%), JLB & Associates Inc. (0.09%), Boston Advisors LLC (0.05%), NN Investment Partners Holdings N.V. (0.05%) and Nikko Asset Management Americas Inc. (0.05%). Company insiders that own Packaging Corp Of America stock include Charles J Carter, Jason Wayne Moreau, Kelly Abbott, Kent A Pflederer, 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 Hartford Investment Management Co., Nikko Asset Management Americas Inc., Oakbrook Investments LLC, Central Bank & Trust Co., Retirement Systems of Alabama, Creative Planning, Gateway Investment Advisers LLC and Huntington National Bank. Company insiders that have sold Packaging Corp Of America company stock in the last year include Charles J Carter, Jason Wayne Moreau, Paul T Stecko, Thomas A Hassfurther and Thomas WH Walton. View Insider Buying and Selling for Packaging Corp Of America.
Which major investors are buying Packaging Corp Of America stock?
PKG stock was purchased by a variety of institutional investors in the last quarter, including Howard Capital Management Inc., NN Investment Partners Holdings N.V., Clinton Group Inc., State of Alaska Department of Revenue, Handelsbanken Fonder AB, Nisa Investment Advisors LLC, Boston Advisors LLC and New England Research & Management Inc.. 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 $115.70.
How big of a company is Packaging Corp Of America?
Packaging Corp Of America has a market capitalization of $10.97 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.
How can I contact Packaging Corp Of America?
Packaging Corp Of America's mailing address is 1955 WEST 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.
