NYSE:PKG - Packaging Corp Of America Stock Price, Forecast & News

$109.04

-0.04 (-0.04 %)

(As of 01/20/2020 07:43 AM ET)

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Today's Range

$108.70

Now: $109.04▼

$109.98

50-Day Range

$104.85

MA: $110.47▼

$113.61

52-Week Range

$87.85

Now: $109.04▼

$114.78

Volume754,010 shs

Average Volume608,353 shs

Market Capitalization$10.32 billion

P/E Ratio13.53

Dividend Yield2.90%

Beta1.68

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. Read More…

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Paperboard containers & boxes

Sub-IndustryPaper Packaging

SectorIndustrial Products

Current SymbolNYSE:PKG

Previous Symbol

CUSIP69515610

CIK75677

Webhttp://www.packagingcorp.com/

Phone847-482-3000

Debt

Debt-to-Equity Ratio0.88

Current Ratio3.28

Quick Ratio2.24

Price-To-Earnings

Trailing P/E Ratio13.53

Forward P/E Ratio14.27

P/E Growth3.18

Sales & Book Value

Annual Sales$7.01 billion

Price / Sales1.47

Cash Flow$12.49 per share

Price / Cash Flow8.73

Book Value$28.28 per share

Price / Book3.86

Profitability

EPS (Most Recent Fiscal Year)$8.03

Net Income$738 million

Net Margins10.94%

Return on Equity26.92%

Return on Assets11.08%

Miscellaneous

Employees15,000

Outstanding Shares94,660,000

Market Cap$10.32 billion

Next Earnings Date1/29/2020 (Confirmed)

OptionableOptionable

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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 Thursday, December 12th. Stockholders of record on Friday, December 20th will be given a dividend of $0.79 per share on Wednesday, January 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, December 19th. 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 data on Wednesday, October, 23rd. The industrial products company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.90 by $0.02. The industrial products company earned $1.75 billion during the quarter, compared to the consensus estimate of $1.79 billion. Packaging Corp Of America had a return on equity of 26.92% and a net margin of 10.94%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company posted $2.23 earnings per share. View Packaging Corp Of America's Earnings History.

When is Packaging Corp Of America's next earnings date?

Packaging Corp Of America is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Packaging Corp Of America.

How can I listen to Packaging Corp Of America's earnings call?

Packaging Corp Of America will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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, 23rd. The company provided EPS guidance of ~$1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.80.

What price target have analysts set for PKG?

13 analysts have issued 1-year price objectives for Packaging Corp Of America's shares. Their forecasts range from $89.00 to $118.00. On average, they anticipate Packaging Corp Of America's stock price to reach $107.92 in the next year. This suggests that the stock has a possible downside of 1.0%. View Analyst Price Targets for Packaging Corp Of America.

What is the consensus analysts' recommendation for Packaging Corp Of America?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Packaging Corp Of America in the last year. There are currently 2 sell ratings, 9 hold ratings and 2 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 Corp projects earnings per share of around $1.70 for fourth-quarter 2019 compared with the prior-year quarter’s $2.15 per share. The guidance reflects year-over-year decline of 21%. The company expects slightly lower prices, higher operating and converting costs in its segments as well as sequentially higher maintenance outage costs, for the fourth quarter. Nevertheless, Packaging Corp is poised to benefit from strong demand stemming from the booming ecommerce market that will lead to increase in box demand. The company’s discontinuation of the production of uncoated free sheet and coated one-side grades at the Wallula mill will help the company to improve margins in the paper segment. It maintains a balanced approach toward capital allocation in order to profitably grow the company and maximize shareholders returns." (1/6/2020)
2. KeyCorp analysts commented, "We are leaving our recently-reduced 2019 and 2020 estimates unchanged post-earnings, and remain Sector Weight given our concerns about global containerboard market conditions (prices are falling in all major markets). As just stated, we are maintaining our 2019 adj. EPS estimate of $8.19 (consensus is $8.27) and 2020 estimate of $8.25 (consensus is $8.03) following the slight 1Q beat and 2Q guide-below. In terms of PKG’s box demand trends, its 1Q shipments were up 0.7% (the industry was down 0.5%, by comparison) and its shipments in the 15 days of April were up a fairly similar 0.5%. The Company made the point that it’s not just U.S. containerboard exports that are affected by economic weakness in other markets; U.S. box shipments are affected as well, as many of its customers are global companies." (4/25/2019)

Has Packaging Corp Of America been receiving favorable news coverage?

News coverage about PKG stock has been trending positive on Monday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Packaging Corp Of America earned a daily sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Packaging Corp Of America.

Are investors shorting Packaging Corp Of America?

Packaging Corp Of America saw a increase in short interest during the month of December. As of December 13th, there was short interest totalling 3,260,000 shares, an increase of 10.5% from the November 28th total of 2,950,000 shares. Based on an average daily volume of 688,400 shares, the short-interest ratio is currently 4.7 days. Currently, 3.5% of the company's shares are sold short. View Packaging Corp Of America's Current Options Chain.

Who are some of Packaging Corp Of America's key competitors?

Some companies that are related to Packaging Corp Of America include Eaton (ETN), Roper Technologies (ROP), MURATA MFG CO L/ADR (MRAAY), FANUC LTD JAPAN/ADR (FANUY), Ingersoll-Rand (IR), Johnson Controls International (JCI), Mitsui & Co Ltd (MITSY), Cintas (CTAS), ASSA ABLOY AB/S (ASAZY), Parker-Hannifin (PH), Stanley Black & Decker (SWK), SANDVIK AB/ADR (SDVKY), Rockwell Automation (ROK), Komatsu (KMTUY) and Ball (BLL).

What other stocks do shareholders of Packaging Corp Of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Corp Of America investors own include Home Depot (HD), Verizon Communications (VZ), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Boeing (BA), Cisco Systems (CSCO), NVIDIA (NVDA), Alibaba Group (BABA) and Visa (V).

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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.88%), Hamlin Capital Management LLC (0.46%), Boston Trust Walden Corp (0.19%), Hennessy Advisors Inc. (0.11%), Johanson Financial Advisors Inc. (0.07%) and Norman Fields Gottscho Capital Management LLC (0.05%). Company insiders that own Packaging Corp Of America stock include Bruce A Ridley, Donald R Shirley, Paul T Stecko and Thomas WH Walton. View Institutional Ownership Trends for Packaging Corp Of America.

Which institutional investors are selling Packaging Corp Of America stock?

PKG stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Taylor Cottrill Erickson & Associates Inc., Hamlin Capital Management LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Nisa Investment Advisors LLC, Buckley Wealth Management LLC, Central Bank & Trust Co. and Lake Street Financial LLC. Company insiders that have sold Packaging Corp Of America company stock in the last year include Bruce A Ridley, Donald R Shirley and Thomas WH Walton. View Insider Buying and Selling for Packaging Corp Of America.

Which institutional investors are buying Packaging Corp Of America stock?

PKG stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Johanson Financial Advisors Inc., DNB Asset Management AS, Norman Fields Gottscho Capital Management LLC, AE Wealth Management LLC, Boston Trust Walden Corp, Contravisory Investment Management Inc. and Trinity Legacy Partners LLC. 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, Robinhood, 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 $109.04.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $10.32 billion and generates $7.01 billion in revenue each year. The industrial products company earns $738 million in net income (profit) each year or $8.03 on an earnings per share basis. Packaging Corp Of America employs 15,000 workers across the globe.View Additional Information About Packaging Corp Of America.

What is Packaging Corp Of America's official website?

The official website for Packaging Corp Of America is http://www.packagingcorp.com/.

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)

Community Ranking:		2.3 out of 5 ( )
Outperform Votes:		458 (Vote Outperform)
Underperform Votes:		527 (Vote Underperform)
Total Votes:		985

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.

This page was last updated on 1/20/2020 by MarketBeat.com Staff

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