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

$87.11
-3.65 (-4.02 %)
(As of 03/31/2020 03:32 PM ET)
Today's Range
$86.94
Now: $87.11
$91.09
50-Day Range
$76.22
MA: $91.79
$102.60
52-Week Range
$71.05
Now: $87.11
$114.78
Volume58,549 shs
Average Volume1.26 million shs
Market Capitalization$8.26 billion
P/E Ratio11.88
Dividend Yield3.67%
Beta1.59
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. 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.
Read More
Packaging Corp Of America logo

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$6.96 billion
Cash Flow$12.15 per share
Book Value$32.44 per share

Profitability

Net Income$696.40 million

Miscellaneous

Employees15,500
Market Cap$8.26 billion
Next Earnings Date4/27/2020 (Confirmed)
OptionableOptionable

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Packaging Corp Of America (NYSE:PKG) Frequently Asked Questions

How has Packaging Corp Of America's stock been impacted by COVID-19 (Coronavirus)?

Packaging Corp Of America's stock was trading at $85.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PKG stock has increased by 2.0% and is now trading at $87.11. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Packaging Corp Of America?

14 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Packaging Corp Of America.

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

Packaging Corp Of America is scheduled to release its next quarterly earnings announcement on Monday, April 27th 2020. View our earnings forecast 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 Monday, April 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Packaging Corp Of America's earnings last quarter?

Packaging Corp Of America (NYSE:PKG) announced its quarterly earnings data on Wednesday, January, 29th. The industrial products company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.01. The industrial products company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Packaging Corp Of America had a return on equity of 24.57% and a net margin of 10.00%. Packaging Corp Of America's revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $2.17 EPS. View Packaging Corp Of America's earnings history.

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 Tuesday, February 25th. Investors of record on Friday, March 13th will be given a dividend of $0.79 per share on Wednesday, April 15th. This represents a $3.16 annualized dividend and a yield of 3.63%. The ex-dividend date is Thursday, March 12th. View Packaging Corp Of America's dividend history.

What guidance has Packaging Corp Of America issued on next quarter's earnings?

Packaging Corp Of America updated its first quarter earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of approx $1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.64.

What price target have analysts set for PKG?

14 analysts have issued twelve-month target prices for Packaging Corp Of America's stock. Their forecasts range from $89.00 to $118.00. On average, they anticipate Packaging Corp Of America's stock price to reach $107.16 in the next twelve months. This suggests a possible upside of 23.0% from the stock's current price. View analysts' price targets 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 stories about PKG stock have been trending somewhat negative on Tuesday, according to InfoTrie. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog 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 -1.0 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 media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutPackaging Corp Of America.

Are investors shorting Packaging Corp Of America?

Packaging Corp Of America saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 3,000,000 shares, a decline of 10.2% from the February 13th total of 3,340,000 shares. Based on an average trading volume of 859,100 shares, the short-interest ratio is currently 3.5 days. Approximately 3.2% of the shares of the stock 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), Verizon Communications (VZ), Intel (INTC), AT&T (T), Johnson & Johnson (JNJ), Boeing (BA), NVIDIA (NVDA), Honeywell International (HON), Cisco Systems (CSCO) and Alibaba Group (BABA).

Who are Packaging Corp Of America's key executives?

Packaging Corp Of America's management team includes the following 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)

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 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 $87.11.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $8.26 billion and generates $6.96 billion in revenue each year. The industrial products company earns $696.40 million in net income (profit) each year or $7.65 on an earnings per share basis. Packaging Corp Of America employs 15,500 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:  474 (Vote Outperform)
Underperform Votes:  544 (Vote Underperform)
Total Votes:  1,018
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 3/31/2020 by MarketBeat.com Staff

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