Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers. The Company's containerboard mills produces linerboard and semi-chemical corrugating medium, which are papers primarily used in the production of corrugated products. The Company's corrugated products manufacturing plants produce a range of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays. The Company also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Paper Packaging - NEC
- Sub-Industry: Paper Packaging
- Symbol: NYSE:PKG
- CUSIP: 69515610
- Web: www.packagingcorp.com
Capitalization:- Market Cap: $10.37767 billion
- Outstanding Shares: 93,651,000
Average Prices:- 50 Day Moving Avg: $110.42
- 200 Day Moving Avg: $100.72
- 52 Week Range: $74.95 - $114.31
P/E:- Trailing P/E Ratio: 21.19
- Foreward P/E Ratio: 16.27
- P/E Growth: 1.80
Sales & Book Value:- Annual Revenue: $6.08 billion
- Price / Sales: 1.69
- Book Value: $20.36 per share
- Price / Book: 5.40
Dividend:- Annual Dividend: $2.52
- Dividend Yield: 2.3%
Profitability:- EBIDTA: $1.22 billion
- Net Margins: 8.05%
- Return on Equity: 27.78%
- Return on Assets: 8.62%
Debt:- Debt-to-Equity Ratio: 1.30%
- Current Ratio: 2.45%
- Quick Ratio: 1.49%
Misc:- Average Volume: 1.13 million shs.
- Beta: 1.86
- Short Ratio: 3.79
Frequently Asked Questions for Packaging Corporation of America (NYSE:PKG)
What is Packaging Corporation of America's stock symbol?
Packaging Corporation of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKG."
How often does Packaging Corporation of America pay dividends? What is the dividend yield for Packaging Corporation of America?
Packaging Corporation of America declared a quarterly dividend on Wednesday, May 17th. Investors of record on Thursday, June 15th will be given a dividend of $0.63 per share on Friday, July 14th. This represents a $2.52 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, June 13th. View Packaging Corporation of America's Dividend History.
How were Packaging Corporation of America's earnings last quarter?
Packaging Corporation of America (NYSE:PKG) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.05. The business earned $1.58 billion during the quarter, compared to analysts' expectations of $1.56 billion. Packaging Corporation of America had a net margin of 8.05% and a return on equity of 27.78%. The company's revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. View Packaging Corporation of America's Earnings History.
When will Packaging Corporation of America make its next earnings announcement?
What guidance has Packaging Corporation of America issued on next quarter's earnings?
Packaging Corporation of America issued an update on its third quarter earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of ~$1.68 for the period, compared to the Thomson Reuters consensus estimate of $1.66.
Where is Packaging Corporation of America's stock going? Where will Packaging Corporation of America's stock price be in 2017?
10 brokerages have issued 1 year price targets for Packaging Corporation of America's stock. Their forecasts range from $84.00 to $128.00. On average, they expect Packaging Corporation of America's stock price to reach $104.33 in the next twelve months. View Analyst Ratings for Packaging Corporation of America.
What are analysts saying about Packaging Corporation of America stock?
Here are some recent quotes from research analysts about Packaging Corporation of America stock:
- 1. According to Zacks Investment Research, "Packaging Corporation anticipates second-quarter 2017 earnings of $1.45 per share, reflecting 16% year-over-year growth. It continues to implement its previously announced packaging segment price increases and expects higher corrugated products shipments in the second quarter. Energy costs are likely to improve as it enters into a seasonally milder weather. Moreover, the company will gain from acquisitions and its diverse product portfolio. The stock outperformed the Zacks categorized Containers-Paper/Plastic sub industry in the last one year. However, Packaging Corporation’s performance will be hurt by escalating expenses, continued price inflation on recycled fiber and strong competition." (7/11/2017)
- 2. Jefferies Group LLC analysts commented, "PKG is executing at a high level and due to its virgin asset base and operating efficiency, it's better insulated against cost inflation than its peers. While mgmt is investing in internal projects to support the growth in its system, the capacity should be manageable and we like the optionality in the stock from a more transformative acquisition." (2/2/2017)
Who are some of Packaging Corporation of America's key competitors?
Some companies that are related to Packaging Corporation of America include Rockwell Automation (ROK), Parker-Hannifin Corporation (PH), Sandvik AB (SDVKY), Tenaris S.A. (TS), Toray Industries (TRYIY), Ball Corporation (BLL), Cintas Corporation (CTAS), Norsk Hydro ASA (NHYDY), Dover Corporation (DOV), Pentair PLC. (PNR), Xylem (XYL), Fortune Brands Home & Security (FBHS), W.W. Grainger (GWW), Smith (A.O.) Corporation (AOS), AB SKF (SKFRY), IDEX Corporation (IEX), Sealed Air Corporation (SEE) and Avery Dennison Corporation (AVY).
Who are Packaging Corporation of America's key executives?
Packaging Corporation of America's management team includes the folowing people:
- Mark W. Kowlzan, Chairman of the Board, Chief Executive Officer
- Robert P. Mundy, Chief Financial Officer, Senior Vice President
- Thomas A. Hassfurther, Executive Vice President - Corrugated Products
- Kent A. Pflederer, Senior Vice President, General Counsel, Secretary
- Thomas W. H. Walton, Senior Vice President - Sales and Marketing, Corrugated Products
- Charles J. Carter, Senior Vice President - Containerboard Mill Operations
- Paul T. Stecko, Director
- Cheryl K. Beebe, Independent Director
- Duane C. Farrington, Independent Director
- Hasan Jameel, Independent Director
Who owns Packaging Corporation of America stock?
Packaging Corporation of America's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.64%), Vanguard Group Inc. (8.93%), Bank of New York Mellon Corp (4.35%), State Street Corp (3.56%), LSV Asset Management (3.02%) and Wells Fargo & Company MN (2.61%). Company insiders that own Packaging Corporation of America stock include Charles J Carter, James D Woodrum, Kent A Pflederer, Mark W Kowlzan, Thomas A Hassfurther and Thomas P Maurer. View Institutional Ownership Trends for Packaging Corporation of America.
Who sold Packaging Corporation of America stock? Who is selling Packaging Corporation of America stock?
Packaging Corporation of America's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., NN Investment Partners Holdings N.V., Commerce Bank, BNP Paribas Arbitrage SA, British Airways Pensions Investment Management Ltd, AJO LP, Vaughan Nelson Investment Management L.P. and Prudential Financial Inc.. View Insider Buying and Selling for Packaging Corporation of America.
Who bought Packaging Corporation of America stock? Who is buying Packaging Corporation of America stock?
Packaging Corporation of America's stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, American Century Companies Inc., FMR LLC, Principal Financial Group Inc., First Eagle Investment Management LLC, WBI Investments Inc., Vanguard Group Inc. and Schroder Investment Management Group. Company insiders that have bought Packaging Corporation of America stock in the last two years include James D Woodrum and Thomas P Maurer. View Insider Buying and Selling for Packaging Corporation of America.
How do I buy Packaging Corporation of America stock?
Shares of Packaging Corporation of America can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Packaging Corporation of America's stock price today?
One share of Packaging Corporation of America stock can currently be purchased for approximately $109.99.
MarketBeat Community Rating for Packaging Corporation of America (NYSE PKG)MarketBeat's community ratings are surveys of what our community members think about Packaging Corporation of America and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Packaging Corporation of America (NYSE:PKG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 6 Hold Ratings, 4 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.40) |
| Consensus Price Target: | $104.33 (5.14% downside) |
Analysts' Ratings History for Packaging Corporation of America (NYSE:PKG)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/18/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $128.00 | Low |  |
| 8/4/2017 | BMO Capital Markets | Reiterated Rating | Buy | $118.00 | Low | |
| 7/13/2017 | Goldman Sachs Group, Inc. (The) | Upgrade | Sell -> Neutral | $105.00 -> $111.00 | Medium | |
| 7/10/2017 | Wells Fargo & Company | Downgrade | Outperform -> Market Perform | | Medium | |
| 7/6/2017 | KeyCorp | Initiated Coverage | Sector Weight | | Low | |
| 5/1/2017 | Barclays PLC | Lower Price Target | Equal Weight | $100.00 -> $90.00 | Low | |
| 4/25/2017 | Deutsche Bank AG | Boost Price Target | Hold | $91.00 -> $94.00 | Low | |
| 4/14/2017 | Citigroup Inc. | Boost Price Target | Neutral | $106.00 -> $112.00 | N/A | |
| 2/21/2017 | Bank of America Corporation | Reiterated Rating | Buy | $103.00 -> $106.00 | N/A | |
| 1/31/2017 | DA Davidson | Downgrade | Buy -> Neutral | $96.00 | N/A | |
| 9/2/2016 | Argus | Reiterated Rating | Buy | $79.00 -> $84.00 | N/A | |
| 7/18/2016 | Buckingham Research | Downgrade | Buy -> Neutral | $72.00 -> $74.00 | N/A | |
| 4/11/2016 | Dundee Securities | Downgrade | Buy -> Neutral | | N/A | |
| 1/25/2016 | Macquarie | Downgrade | Neutral -> Underperform | | N/A | |
(Data available from 8/20/2015 forward)
Earnings History for Packaging Corporation of America (NYSE:PKG)Earnings History by Quarter for Packaging Corporation of America (NYSE PKG)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/17/2017 | | $1.66 | | | | | N/A | |
| 7/26/2017 | Q2 2017 | $1.47 | $1.52 | $1.56 billion | $1.58 billion | View | N/A | |
| 4/26/2017 | Q1 2017 | $1.24 | $1.27 | $1.48 billion | $1.54 billion | View | N/A | |
| 1/30/2017 | Q416 | $1.15 | $1.23 | $1.44 billion | $1.50 billion | View | Listen | |
| 10/19/2016 | Q316 | $1.31 | $1.30 | $559.20 million | $1.48 billion | View | Listen | |
| 7/21/2016 | Q216 | $1.18 | $1.25 | $1.46 billion | $1.42 billion | View | Listen | |
| 4/20/2016 | Q116 | $1.01 | $1.11 | $1.41 billion | $1.40 billion | View | Listen | |
| 1/25/2016 | Q415 | $1.03 | $1.08 | $1.43 billion | $1.39 billion | View | Listen | |
| 10/20/2015 | Q315 | $1.28 | $1.26 | $1.50 billion | $1.50 billion | View | Listen | |
| 7/21/2015 | Q215 | $1.03 | $1.18 | $1.49 billion | $1.45 billion | View | Listen | |
| 4/20/2015 | Q115 | $1.08 | $1.01 | $1.44 billion | $1.43 billion | View | Listen | |
| 1/26/2015 | Q414 | $1.16 | $1.16 | $1.48 billion | $1.43 billion | View | Listen | |
| 10/20/2014 | Q314 | $1.26 | $1.26 | $1.50 billion | $1.52 billion | View | Listen | |
| 7/21/2014 | Q214 | $1.11 | $1.16 | $1.46 billion | $1.47 billion | View | Listen | |
| 4/22/2014 | Q114 | $1.00 | $1.08 | $1.42 billion | $1.43 billion | View | Listen | |
| 2/12/2014 | Q413 | $0.89 | $1.04 | $1.24 billion | $1.26 billion | View | Listen | |
| 10/15/2013 | Q313 | $0.89 | $0.91 | $830.70 million | $842.40 million | View | Listen | |
| 7/16/2013 | Q2 2013 | $0.63 | $0.71 | $769.41 million | $800.20 million | View | Listen | |
| 4/22/2013 | Q1 2013 | $0.56 | $0.62 | $723.75 million | $755.00 million | View | Listen | |
| 1/22/2013 | Q4 2012 | $0.62 | $0.61 | $716.36 million | $737.00 million | View | Listen | |
| 10/15/2012 | | $0.56 | $0.55 | | | View | N/A | |
| 7/16/2012 | | $0.45 | $0.49 | | | View | N/A | |
| 4/17/2012 | | $0.40 | $0.42 | | | View | N/A | |
| 1/23/2012 | | $0.37 | $0.40 | | | View | N/A | |
| 10/17/2011 | | $0.43 | $0.43 | | | View | N/A | |
| 7/18/2011 | | $0.35 | $0.39 | | | View | N/A | |
| 4/18/2011 | | $0.41 | $0.39 | | | View | N/A | |
| 1/24/2011 | | $0.53 | $0.52 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Packaging Corporation of America (NYSE:PKG)2017 EPS Consensus Estimate: $6.00
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $1.23 | $1.27 | $1.25 |
| Q2 2017 | 3 | $1.46 | $1.50 | $1.48 |
| Q3 2017 | 3 | $1.70 | $1.72 | $1.71 |
| Q4 2017 | 3 | $1.55 | $1.59 | $1.57 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Packaging Corporation of America (NYSE:PKG)| Most Recent Dividend: | 7/14/2017 |
| Annual Dividend: | $2.52 |
| Dividend Yield: | 2.29% |
| Dividend Growth: | 27.00% (3 Year Average) |
| Payout Ratio: | 48.56% (Trailing 12 Months of Earnings)
41.38% (Based on This Year's Estimates)
37.28% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Packaging Corporation of America (NYSE PKG)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/17/2017 | quarterly | $0.63 | 2.54% | 6/13/2017 | 6/15/2017 | 7/14/2017 |
| 3/1/2017 | quarterly | $0.63 | 2.7% | 3/13/2017 | 3/15/2017 | 4/14/2017 |
| 12/14/2016 | quarterly | $0.63 | 2.92% | 12/21/2016 | 12/23/2016 | 1/13/2017 |
| 8/31/2016 | quarterly | $0.63 | | 9/13/2016 | 9/15/2016 | 10/14/2016 |
| 5/18/2016 | quarterly | $0.55 | | 6/13/2016 | 6/15/2016 | 7/15/2016 |
| 2/25/2016 | quarterly | $0.55 | | 3/11/2016 | 3/15/2016 | 4/15/2016 |
| 12/15/2015 | quarterly | $0.55 | | 12/23/2015 | 12/28/2015 | 1/15/2016 |
| 8/31/2015 | quarterly | $0.55 | | 9/11/2015 | 9/15/2015 | 10/15/2015 |
| 5/13/2015 | quarterly | $0.55 | 3.11% | 6/11/2015 | 6/15/2015 | 7/15/2015 |
| 2/26/2015 | quarterly | $0.55 | 2.66% | 3/11/2015 | 3/13/2015 | 4/15/2015 |
| 12/9/2014 | quarterly | $0.40 | 2.1% | 12/17/2014 | 12/19/2014 | 1/15/2015 |
| 8/28/2014 | quarterly | $0.40 | 2.35% | 9/11/2014 | 9/15/2014 | 10/15/2014 |
| 5/14/2014 | quarterly | $0.40 | 2.4% | 6/11/2014 | 6/13/2014 | 7/15/2014 |
| 2/27/2014 | quarterly | $0.40 | 2.2% | 3/12/2014 | 3/14/2014 | 4/15/2014 |
| 12/12/2013 | quarterly | $0.40 | 2.6% | 12/19/2013 | 12/23/2013 | 1/15/2014 |
| 8/28/2013 | quarterly | $0.40 | 2.99% | 9/11/2013 | 9/13/2013 | 10/15/2013 |
| 5/1/2013 | quarterly | $0.31 | 2.67% | 6/12/2013 | 6/14/2013 | 7/15/2013 |
| 1/15/2013 | quarterly | $0.31 | 3.19% | 3/13/2013 | 3/15/2013 | 4/15/2013 |
| 12/9/2012 | quarterly | $0.25 | 2.76% | 12/13/2012 | 12/17/2012 | 12/28/2012 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Packaging Corporation of America (NYSE:PKG)Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 88.92%
Insider Trades by Quarter for Packaging Corporation of America (NYSE:PKG)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 7/22/2016 | Kent A Pflederer | SVP | Sell | 1,100 | $74.30 | $81,730.00 | |
| 4/22/2016 | Charles J Carter | SVP | Sell | 6,463 | $65.63 | $424,166.69 | |
| 3/9/2016 | Thomas P Maurer | Director | Buy | 2,000 | $53.47 | $106,940.00 | |
| 11/19/2015 | Mark W Kowlzan | CEO | Sell | 5,000 | $66.00 | $330,000.00 | |
| 11/13/2015 | Thomas A Hassfurther | VP | Sell | 4,668 | $65.32 | $304,913.76 | |
| 8/26/2015 | James D Woodrum | Director | Buy | 1,000 | $62.60 | $62,600.00 | |
| 8/18/2015 | Mark W Kowlzan | CEO | Sell | 20,000 | $73.02 | $1,460,400.00 | |
| 7/23/2015 | Richard B West | CFO | Sell | 30,600 | $70.39 | $2,153,934.00 | |
| 2/20/2015 | Thomas A Hassfurther | VP | Sell | 12,388 | $82.59 | $1,023,124.92 | |
| 11/26/2014 | Thomas A Hassfurther | VP | Sell | 12,500 | $73.53 | $919,125.00 | |
| 11/10/2014 | Thomas A Hassfurther | VP | Sell | 7,000 | $72.76 | $509,320.00 | |
| 9/11/2014 | Thomas A Hassfurther | VP | Sell | 3,600 | $69.84 | $251,424.00 | |
| 8/26/2014 | Thomas W.H. Walton | SVP | Sell | 10,144 | $66.94 | $679,039.36 | |
| 7/23/2014 | Kent A Pflederer | SVP | Sell | 2,750 | $66.51 | $182,902.50 | |
| 7/23/2014 | Richard B West | CFO | Sell | 34,000 | $66.11 | $2,247,740.00 | |
| 3/3/2014 | Thomas Souleles | Director | Buy | 6,000 | $72.73 | $436,380.00 | |
| 2/21/2014 | Mark Kowlzan | CEO | Sell | 24,000 | $72.42 | $1,738,080.00 | |
| 2/18/2014 | Paul Stecko | Director | Sell | 74,000 | $72.42 | $5,359,080.00 | |
| 2/18/2014 | Thomas Hassfurther | VP | Sell | 20,500 | $72.48 | $1,485,840.00 | |
| 7/24/2013 | Thomas A Hassfurther | VP | Sell | 14,560 | $53.13 | $773,572.80 | |
| 7/18/2013 | Mark W Kowlzan | CEO | Sell | 85,000 | $52.10 | $4,428,500.00 | |
| 7/18/2013 | Richard B West | CFO | Sell | 40,500 | $52.06 | $2,108,430.00 | |
| 7/18/2013 | Thomas W.H. Walton | SVP | Sell | 13,907 | $52.24 | $726,501.68 | |
(Data available from 1/1/2013 forward)
Headline Trends for Packaging Corporation of America (NYSE:PKG)
Latest Headlines for Packaging Corporation of America (NYSE:PKG)
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Packaging Corporation of America (PKG) Chart for Sunday, August, 20, 2017
