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

$106.48
+0.84 (+0.80 %)
(As of 01/23/2020 01:21 PM ET)
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Compare
Today's Range
$105.05
Now: $106.48▼
$106.54
50-Day Range
$104.85
MA: $110.10▼
$113.61
52-Week Range
$87.85
Now: $106.48▼
$114.78
Volume9,397 shs
Average Volume647,570 shs
Market Capitalization$10.08 billion
P/E Ratio13.21
Dividend Yield2.98%
Beta1.68
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

Stock Exchange NYSE
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
Current SymbolNYSE:PKG
Previous Symbol
CUSIP69515610
CIK75677
Webhttp://www.packagingcorp.com/
Phone847-482-3000

Debt

Debt-to-Equity Ratio0.88
Current Ratio3.28
Quick Ratio2.24

Price-To-Earnings

Trailing P/E Ratio13.21
Forward P/E Ratio13.94
P/E Growth3.1

Sales & Book Value

Annual Sales$7.01 billion
Price / Sales1.44
Cash Flow$12.53 per share
Price / Cash Flow8.50
Book Value$28.28 per share
Price / Book3.77

Profitability

EPS (Most Recent Fiscal Year)$8.03
Net Income$738 million
Net Margins10.94%
Return on Equity26.92%
Return on Assets11.08%

Miscellaneous

Employees15,000
Outstanding Shares94,660,000
Market Cap$10.08 billion
Next Earnings Date1/29/2020 (Confirmed)
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 announced a quarterly dividend on Thursday, December 12th. Investors of record on Friday, December 20th will be given a dividend of $0.79 per share on Wednesday, January 15th. This represents a $3.16 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, December 19th. 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, October, 23rd. The industrial products company reported $1.92 EPS for the quarter, beating the Zacks' consensus estimate of $1.90 by $0.02. The industrial products company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.79 billion. Packaging Corp Of America had a return on equity of 26.92% and a net margin of 10.94%. The firm's revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 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, January 29th 2020. 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 Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for PKG?

13 analysts have issued twelve-month target prices for Packaging Corp Of America's shares. Their forecasts range from $89.00 to $118.00. On average, they anticipate Packaging Corp Of America's share price to reach $107.92 in the next year. This suggests a possible upside of 1.4% 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?

13 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 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. 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 headlines about PKG stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Packaging Corp Of America earned a news sentiment score of 1.8 on InfoTrie's scale. They also assigned media coverage 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. View News Stories for Packaging Corp Of America.

Are investors shorting Packaging Corp Of America?

Packaging Corp Of America saw a increase in short interest during the month of December. As of December 13th, there was short interest totalling 3,260,000 shares, an increase of 10.5% from the November 28th total of 2,950,000 shares. Based on an average daily volume of 688,400 shares, the short-interest ratio is currently 4.7 days. Approximately 3.5% 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?

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), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Boeing (BA), Cisco Systems (CSCO), NVIDIA (NVDA), Alibaba Group (BABA) and Visa (V).

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 Wedge Capital Management L L P NC (0.88%), Hamlin Capital Management LLC (0.46%), Boston Trust Walden Corp (0.19%), CHURCHILL MANAGEMENT Corp (0.13%), Hennessy Advisors Inc. (0.11%) and Johanson Financial Advisors Inc. (0.07%). Company insiders that own Packaging Corp Of America stock include Bruce A Ridley, Donald R Shirley, Paul T Stecko and Thomas WH Walton. View Institutional Ownership Trends for Packaging Corp Of America.

Which major investors are selling Packaging Corp Of America stock?

PKG stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Taylor Cottrill Erickson & Associates Inc., Hamlin Capital Management LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Nisa Investment Advisors LLC, NEXT Financial Group Inc, Buckley Wealth Management LLC and Central Bank & Trust Co.. Company insiders that have sold Packaging Corp Of America company stock in the last year include Bruce A Ridley, Donald R Shirley and Thomas WH Walton. View Insider Buying and Selling for Packaging Corp Of America.

Which major investors are buying Packaging Corp Of America stock?

PKG stock was purchased by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Johanson Financial Advisors Inc., Campbell & CO Investment Adviser LLC, DNB Asset Management AS, Norman Fields Gottscho Capital Management LLC, AE Wealth Management LLC, Boston Trust Walden Corp and Contravisory Investment 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, 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 $106.48.

How big of a company is Packaging Corp Of America?

Packaging Corp Of America has a market capitalization of $10.08 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:  458 (Vote Outperform)
Underperform Votes:  528 (Vote Underperform)
Total Votes:  986
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 1/23/2020 by MarketBeat.com Staff

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