Analysts expect Packaging Corp Of America (NYSE:PKG) to report $1.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Packaging Corp Of America’s earnings, with the highest EPS estimate coming in at $1.54 and the lowest estimate coming in at $1.52. Packaging Corp Of America posted earnings of $1.27 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.5%. The company is scheduled to issue its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that Packaging Corp Of America will report full-year earnings of $7.56 per share for the current financial year, with EPS estimates ranging from $7.23 to $8.27. For the next fiscal year, analysts anticipate that the firm will report earnings of $8.35 per share, with EPS estimates ranging from $8.03 to $9.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Packaging Corp Of America.

Packaging Corp Of America (NYSE:PKG) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.05. Packaging Corp Of America had a return on equity of 30.48% and a net margin of 10.37%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $1.23 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis.

Several research analysts have commented on PKG shares. ValuEngine raised Packaging Corp Of America from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co raised Packaging Corp Of America from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Zacks Investment Research lowered Packaging Corp Of America from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Stephens started coverage on Packaging Corp Of America in a research report on Tuesday, October 24th. They issued an “overweight” rating and a $130.00 price objective on the stock. Finally, Bank of America raised their price objective on Packaging Corp Of America from $134.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $127.17.

Packaging Corp Of America (PKG) traded up $0.75 during trading hours on Tuesday, reaching $112.70. The company’s stock had a trading volume of 625,103 shares, compared to its average volume of 895,643. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30. Packaging Corp Of America has a one year low of $88.47 and a one year high of $131.13. The stock has a market capitalization of $10,560.00, a price-to-earnings ratio of 15.70, a PEG ratio of 1.91 and a beta of 1.84.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, December 26th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $2.52 annualized dividend and a dividend yield of 2.24%. Packaging Corp Of America’s dividend payout ratio is presently 35.59%.

Several institutional investors have recently made changes to their positions in PKG. Victory Capital Management Inc. grew its stake in shares of Packaging Corp Of America by 7,416.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,383,784 shares of the industrial products company’s stock valued at $166,815,000 after acquiring an additional 1,365,373 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Packaging Corp Of America by 6,234.6% during the second quarter. Janus Henderson Group PLC now owns 597,731 shares of the industrial products company’s stock valued at $66,587,000 after acquiring an additional 588,295 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Packaging Corp Of America by 76.4% during the third quarter. APG Asset Management N.V. now owns 974,228 shares of the industrial products company’s stock valued at $111,724,000 after acquiring an additional 422,100 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Packaging Corp Of America by 17.9% during the third quarter. First Eagle Investment Management LLC now owns 2,100,096 shares of the industrial products company’s stock valued at $240,839,000 after acquiring an additional 319,452 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Packaging Corp Of America by 144.2% during the third quarter. Legal & General Group Plc now owns 463,659 shares of the industrial products company’s stock valued at $53,172,000 after acquiring an additional 273,755 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

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Packaging Corp Of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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