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

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$90.23 +0.98 (+1.10 %)
(As of 01/17/2019 04:00 PM ET)
Previous Close$89.25
Today's Range$88.53 - $90.75
52-Week Range$77.90 - $131.13
Volume668,308 shs
Average Volume915,117 shs
Market Capitalization$8.48 billion
P/E Ratio14.99
Dividend Yield3.48%
Beta1.8
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; and pressure sensitive papers, such as release liners that are used to produce labels for use in consumer and commercially-packaged products. 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.

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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$6.44 billion
Cash Flow$10.3475 per share
Book Value$23.13 per share

Profitability

Net Income$668.60 million

Miscellaneous

Employees14,600
Market Cap$8.48 billion
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 Wednesday, December 5th. Investors of record on Monday, December 17th will be given a dividend of $0.79 per share on Tuesday, January 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, December 14th. 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, 24th. The industrial products company reported $2.23 EPS for the quarter, beating the Zacks' consensus estimate of $2.15 by $0.08. The industrial products company earned $1.81 billion during the quarter, compared to analyst estimates of $1.76 billion. Packaging Corp Of America had a return on equity of 29.96% and a net margin of 11.54%. 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 Tuesday, January 29th 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 fourth quarter earnings guidance on Wednesday, October, 24th. The company provided EPS guidance of approx $2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.12.

What price target have analysts set for PKG?

11 analysts have issued twelve-month price targets for Packaging Corp Of America's stock. Their predictions range from $88.00 to $138.00. On average, they expect Packaging Corp Of America's share price to reach $110.4444 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price. 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 6 hold ratings and 5 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 Corporation projects fourth-quarter 2018 earnings of around $2.15 per share, indicating year-over-year growth of 38%. Packaging Corporation is poised to gain from strong demand and price increases. Improved activities in the Wallula mill, growth in e-commerce, acquisitions and lower tax rate will also aid results. Packaging Corporation will benefit from the e-commerce boom that will lead to increase in demand in boxes. Its estimates have moved upward over the past 60 days. The company has positive record of earnings surprises in recent quarters." (12/31/2018)
  • 2. KeyCorp analysts commented, "We are slightly increasing our 2018 adj. EPS estimate from $7.93 to $8.04 (consensus was $7.92), though slightly reducing our 2019 estimate from $8.78 to $8.65 (consensus was the same heading into earnings). Our 2018 estimate is increasing to reflect better- than-expected results in PKG’s uncoated freesheet business, while our 2019 estimate is coming down to reflect our continued concerns about the sustainability of current containerboard industry conditions. Regarding the latter, we think we’re at the peak of the global economic cycle, not to mention the fact that substantial containerboard supply is scheduled to hit the market in the coming months and years as we’ve noted on numerous occasions." (10/25/2018)

Has Packaging Corp Of America been receiving favorable news coverage?

News headlines about PKG stock have been trending somewhat positive on Thursday, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing 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 nearest to five being the most favorable. Packaging Corp Of America earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave news articles 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 impact on the company's share price in the next several days.

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

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 institutional and retail investors. Top institutional shareholders include JLB & Associates Inc. (0.09%), Ferguson Wellman Capital Management Inc. (0.07%), Nisa Investment Advisors LLC (0.04%), State of Alaska Department of Revenue (0.04%), Bowling Portfolio Management LLC (0.04%) and Central Bank & Trust Co. (0.02%). Company insiders that own Packaging Corp Of America stock include Charles J Carter, Jason Wayne Moreau, Kelly Abbott, 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 Boston Advisors LLC, Ferguson Wellman Capital Management Inc., Daiwa SB Investments Ltd., Meeder Asset Management Inc., Central Bank & Trust Co., Oakbrook Investments LLC, LifePlan Financial Group Inc and Louisiana State Employees Retirement System. 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 Bowling Portfolio Management LLC, Nisa Investment Advisors LLC, DNB Asset Management AS, KCS Wealth Advisory, JLB & Associates Inc., Cerebellum GP LLC, Fox Run Management L.L.C. and New England Research & Management Inc.. Company insiders that have bought Packaging Corp Of America stock in the last two years include Jason Wayne Moreau and Kelly Abbott. 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 $90.23.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $8.48 billion and generates $6.44 billion in revenue each year. The industrial products company earns $668.60 million in net income (profit) each year or $6.02 on an earnings per share basis. Packaging Corp Of America employs 14,600 workers across the globe.

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:  399 (Vote Outperform)
Underperform Votes:  459 (Vote Underperform)
Total Votes:  858
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 1/17/2019 by MarketBeat.com Staff

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