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.
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Industry, Sector and Symbol
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
Phone847-482-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$7.01 billion
Profitability
Miscellaneous
Employees15,000
Next Earnings Date10/23/2019 (Estimated)
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 announced a quarterly dividend on Monday, May 13th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.79 per share on Monday, July 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, June 13th. View Packaging Corp Of America's Dividend History.
How were Packaging Corp Of America's earnings last quarter?
Packaging Corp Of America (NYSE:PKG) posted its quarterly earnings data on Wednesday, July, 24th. The industrial products company reported $2.04 EPS for the quarter, meeting the Zacks' consensus estimate of $2.04. The industrial products company earned $1.76 billion during the quarter, compared to analysts' expectations of $1.78 billion. Packaging Corp Of America had a return on equity of 29.23% and a net margin of 11.23%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 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 third quarter earnings guidance on Wednesday, July, 24th. The company provided EPS guidance of ~$1.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.06.
What price target have analysts set for PKG?
11 brokers have issued 1 year target prices for Packaging Corp Of America's stock. Their predictions range from $88.00 to $120.00. On average, they expect Packaging Corp Of America's share price to reach $101.2745 in the next year. This suggests that the stock has a possible downside of 0.0%. 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 1 sell rating, 8 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. 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)
- 2. According to Zacks Investment Research, "Packaging Corporation of America projects first-quarter 2019 earnings of around $1.97 per share, indicating year-over-year growth of 27%. The company anticipates higher labor and benefits costs and other timing-related expenses in the first quarter of 2019. Though costs for freight and recycled fiber will be fairly flat, most of chemical and repair and materials costs will remain inflated. Further, seasonally colder weather will result in higher energy usage and wood costs. Further, the impact of annual maintenance outages at its mills in 2019 owing to lost volume, direct costs and amortized repair costs will collectively impact fiscal earnings per share by 59 cents. The stock has underperformed the industry over the past year. " (4/10/2019)
Has Packaging Corp Of America been receiving favorable news coverage?
Media headlines about PKG stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Packaging Corp Of America earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock'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 decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,379,400 shares, a decline of 15.0% from the June 30th total of 2,797,700 shares. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.6% of the shares of the company are short sold. 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 Roper Technologies (ROP), Emerson Electric (EMR), Johnson Controls International (JCI), FANUC LTD JAPAN/ADR (FANUY), Eaton (ETN), Ingersoll-Rand (IR), MURATA MFG CO L/ADR (MRAAY), Mitsui & Co Ltd (MITSY), Cintas (CTAS), Ball (BLL), ASSA ABLOY AB/S (ASAZY), ATLAS COPCO AB/S (ATLKY), Parker-Hannifin (PH), Komatsu (KMTUY) and Stanley Black & Decker (SWK).
What other stocks do shareholders of Packaging Corp Of America own?
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 number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.50%), BlackRock Inc. (10.58%), Price T Rowe Associates Inc. MD (4.20%), JPMorgan Chase & Co. (2.76%), Wells Fargo & Company MN (2.39%) and Nuveen Asset Management LLC (2.27%). Company insiders that own Packaging Corp Of America stock include Charles J Carter, Donald R Shirley, Jason Wayne Moreau, Paul T Stecko, Thomas A Hassfurther 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 Bank of New York Mellon Corp, Schroder Investment Management Group, BlackRock Inc., Wells Fargo & Company MN, M.D. Sass Investors Services Inc., Panagora Asset Management Inc., WBI Investments Inc. and DekaBank Deutsche Girozentrale. Company insiders that have sold Packaging Corp Of America company stock in the last year include 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 Nuveen Asset Management LLC, Price T Rowe Associates Inc. MD, JPMorgan Chase & Co., Vanguard Group Inc., Renaissance Technologies LLC, Invesco Ltd., BTIM Corp. and Victory Capital Management Inc.. 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 $101.28.
How big of a company is Packaging Corp Of America?
Packaging Corp Of America has a market capitalization of $9.59 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?
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.
