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

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$95.19 +0.06 (+0.06 %)
(As of 03/26/2019 04:18 AM ET)
Previous Close$95.13
Today's Range$93.91 - $95.67
52-Week Range$77.90 - $124.70
Volume676,216 shs
Average Volume927,070 shs
Market Capitalization$9.00 billion
P/E Ratio11.85
Dividend Yield3.32%
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. 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$7.01 billion
Cash Flow$12.4921 per share
Book Value$28.28 per share

Profitability

Net Income$738 million

Miscellaneous

Employees15,000
Market Cap$9.00 billion
Next Earnings Date4/24/2019 (Confirmed)
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 Friday, March 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.79 per share on Monday, April 15th. This represents a $3.16 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, March 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 results on Tuesday, January, 29th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.15 by $0.02. The industrial products company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.77 billion. Packaging Corp Of America had a net margin of 10.52% and a return on equity of 30.83%. 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, April 24th 2019. 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 Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8557300288.

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

Packaging Corp Of America updated its first quarter earnings guidance on Tuesday, January, 29th. The company provided EPS guidance of $1.97 for the period, compared to the Thomson Reuters consensus estimate of $1.95. Packaging Corp Of America also updated its Q1 2019 guidance to $1.97-1.97 EPS.

What price target have analysts set for PKG?

9 Wall Street analysts have issued 1-year price targets for Packaging Corp Of America's shares. Their forecasts range from $88.00 to $120.00. On average, they anticipate Packaging Corp Of America's share price to reach $103.00 in the next year. This suggests a possible upside of 8.2% 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?

9 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 3 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%. However, Packaging Corporation's results will be impacted by inflated operating and converting costs. Also, fuel costs will be higher in fourth-quarter 2018 due to seasonally colder weather. Its performance will also be marred by less shipping days, less rich mix, seasonally lower paper volumes and intense competition. Moreover, the stock has underperformed the industry it belongs to in a year’s time." (1/23/2019)
  • 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 neutral this week, InfoTrie reports. InfoTrie scores the sentiment of media coverage by reviewing 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 coverage optimism score of 0.2 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the company's share price in the near future.

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), Intel (INTC), Johnson & Johnson (JNJ), Visa (V), General Electric (GE), Alibaba Group (BABA), Micron Technology (MU), Boeing (BA), Verizon Communications (VZ) and NVIDIA (NVDA).

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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.16%), Bank of America Corp DE (2.49%), LSV Asset Management (2.08%), Victory Capital Management Inc. (1.96%), Bank of New York Mellon Corp (1.69%) and FMR LLC (1.47%). 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 FMR LLC, Iridian Asset Management LLC CT, APG Asset Management N.V., Amundi Pioneer Asset Management Inc., Bank of America Corp DE, Guyasuta Investment Advisors Inc., QS Investors LLC and Hsbc Holdings PLC. 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 Norges Bank, Millennium Management LLC, LSV Asset Management, Hamlin Capital Management LLC, Alps Advisors Inc., Eaton Vance Management, BlackRock Inc. and American Century Companies 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 $95.19.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $9.00 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.

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:  408 (Vote Outperform)
Underperform Votes:  469 (Vote Underperform)
Total Votes:  877
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 3/26/2019 by MarketBeat.com Staff

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