Packaging Co. of America (PKG) Releases Q4 Earnings Guidance
Packaging Co. of America (PKG) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.61 for the period.
Shares of Packaging Co. of America (PKG) traded up 1.17% during mid-day trading on Monday, hitting $35.60. Packaging Co. of America (PKG) has a one year low of $23.62 and a one year high of $36.68. The company has a market cap of $3.417 billion and a P/E ratio of 24.07.
Packaging Co. of America last issued its quarterly earnings data on Monday, October 15th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.01. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Packaging Co. of America (PKG) will post $2.05 EPS for the current fiscal year.
PKG has been the subject of a number of recent research reports. Analysts at DA Davidson downgraded shares of Packaging Co. of America from a buy rating to a neutral rating in a research note to investors on Monday, October 8th. They now have a $37.50 price target on the stock, up previously from $35.00. They noted that the move was a valuation call. On a related note, analysts at Jefferies Group initiated coverage on shares of Packaging Co. of America in a research note to investors on Monday, September 24th. They set a hold rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Packaging Co. of America from a market perform rating to an outperform rating in a research note to investors on Monday, September 24th. They now have a $38.00 price target on the stock.
Packaging Corporation of America (PCA), is a producer of containerboard and corrugated products in the United States.
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