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

$101.28
+1.29 (+1.29 %)
(As of 08/18/2019 04:48 AM ET)
Today's Range
$99.01
Now: $101.28
$102.24
50-Day Range
$95.32
MA: $99.91
$102.60
52-Week Range
$77.90
Now: $101.28
$118.88
Volume781,000 shs
Average Volume933,916 shs
Market Capitalization$9.59 billion
P/E Ratio12.61
Dividend Yield3.17%
Beta1.71
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

Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
CUSIP69515610
Phone847-482-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.01 billion
Cash Flow$12.7077 per share
Book Value$30.86 per share

Profitability

Net Income$738 million

Miscellaneous

Employees15,000
Market Cap$9.59 billion
Next Earnings Date10/23/2019 (Estimated)
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 Monday, May 13th. Investors of record on Friday, June 14th will be given a dividend of $0.79 per share on Monday, July 15th. This represents a $3.16 dividend on an annualized basis and a 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) released its quarterly earnings data on Wednesday, July, 24th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. The industrial products company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. Packaging Corp Of America had a return on equity of 29.23% and a net margin of 11.23%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.08 EPS. 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, October 23rd 2019. View Earnings Estimates for Packaging Corp Of America.

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 earnings per share estimate of $2.06.

What price target have analysts set for PKG?

11 analysts have issued 12 month price objectives for Packaging Corp Of America's shares. Their predictions range from $88.00 to $120.00. On average, they expect Packaging Corp Of America's stock 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?

News stories about PKG stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, 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 press coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Packaging Corp Of America.

Are investors shorting Packaging Corp Of America?

Packaging Corp Of America saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,379,400 shares, a drop of 15.0% from the June 30th total of 2,797,700 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.6% of the shares of the company are sold short. View Packaging Corp Of America's Current Options Chain.

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

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), Johnson & Johnson (JNJ), Intel (INTC), Verizon Communications (VZ), Boeing (BA), Visa (V), AT&T (T), Alibaba Group (BABA), Ford Motor (F) and General Electric (GE).

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 shareholders 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 acquired 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?

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 (star star)
Outperform Votes:  431 (Vote Outperform)
Underperform Votes:  491 (Vote Underperform)
Total Votes:  922
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 8/18/2019 by MarketBeat.com Staff

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