Brokerages expect that Packaging Corp Of America (NYSE:PKG) will post $2.15 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Packaging Corp Of America’s earnings, with the lowest EPS estimate coming in at $2.14 and the highest estimate coming in at $2.16. Packaging Corp Of America reported earnings of $1.68 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Packaging Corp Of America will report full year earnings of $7.90 per share for the current fiscal year, with EPS estimates ranging from $7.85 to $7.95. For the next fiscal year, analysts forecast that the business will post earnings of $8.88 per share, with EPS estimates ranging from $8.70 to $9.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Packaging Corp Of America.

Packaging Corp Of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.11. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. Packaging Corp Of America had a net margin of 10.83% and a return on equity of 28.48%. Packaging Corp Of America’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share.

A number of research firms have commented on PKG. Stephens reaffirmed a “buy” rating on shares of Packaging Corp Of America in a report on Thursday, July 5th. Zacks Investment Research raised shares of Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Tuesday, June 26th. Barclays lowered their target price on shares of Packaging Corp Of America from $125.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, July 30th. ValuEngine raised shares of Packaging Corp Of America from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Finally, Wells Fargo & Co lowered their target price on shares of Packaging Corp Of America from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Packaging Corp Of America currently has an average rating of “Hold” and a consensus target price of $130.22.

Shares of Packaging Corp Of America stock traded up $1.30 during midday trading on Monday, reaching $115.76. The company had a trading volume of 9,036 shares, compared to its average volume of 605,654. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.73 and a quick ratio of 1.67. The firm has a market cap of $10.67 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.71 and a beta of 1.78. Packaging Corp Of America has a 1-year low of $107.39 and a 1-year high of $131.13.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 13th. Packaging Corp Of America’s dividend payout ratio is presently 52.49%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new position in shares of Packaging Corp Of America during the second quarter worth $125,000. Acadian Asset Management LLC bought a new position in shares of Packaging Corp Of America during the second quarter worth $155,000. Flagship Harbor Advisors LLC bought a new position in shares of Packaging Corp Of America during the second quarter worth $165,000. Redwood Investment Management LLC bought a new position in shares of Packaging Corp Of America during the first quarter worth $212,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Packaging Corp Of America during the second quarter worth $220,000. 87.15% of the stock is owned by hedge funds and other institutional investors.

Packaging Corp Of America Company Profile

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.

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Earnings History and Estimates for Packaging Corp Of America (NYSE:PKG)

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