Packaging Corp Of America (NYSE:PKG) – Equities researchers at Seaport Global Securities boosted their FY2018 earnings per share (EPS) estimates for Packaging Corp Of America in a research note issued on Friday, October 26th. Seaport Global Securities analyst M. Weintraub now anticipates that the industrial products company will post earnings of $8.02 per share for the year, up from their prior estimate of $7.90. Seaport Global Securities has a “Buy” rating and a $112.00 price objective on the stock. Seaport Global Securities also issued estimates for Packaging Corp Of America’s Q4 2018 earnings at $2.15 EPS, Q1 2019 earnings at $1.90 EPS, Q2 2019 earnings at $2.20 EPS, Q3 2019 earnings at $2.38 EPS, Q4 2019 earnings at $2.22 EPS and FY2019 earnings at $8.70 EPS.

Packaging Corp Of America (NYSE:PKG) last announced its earnings results on Wednesday, October 24th. The industrial products company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.08. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Packaging Corp Of America had a net margin of 11.54% and a return on equity of 30.77%.

A number of other equities analysts have also recently commented on the stock. Argus cut their target price on shares of Packaging Corp Of America from $130.00 to $105.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Co cut their target price on shares of Packaging Corp Of America from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday. KeyCorp reaffirmed a “hold” rating on shares of Packaging Corp Of America in a report on Thursday. Citigroup cut their target price on shares of Packaging Corp Of America from $124.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, October 11th. Finally, ValuEngine cut shares of Packaging Corp Of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $119.10.

Shares of Packaging Corp Of America stock opened at $90.39 on Monday. The firm has a market capitalization of $8.54 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.77. Packaging Corp Of America has a 12 month low of $83.54 and a 12 month high of $131.13. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.67 and a current ratio of 2.73.

Several institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in Packaging Corp Of America in the 2nd quarter valued at $125,000. Acadian Asset Management LLC acquired a new position in Packaging Corp Of America in the 2nd quarter valued at $155,000. Flagship Harbor Advisors LLC acquired a new position in Packaging Corp Of America in the 2nd quarter valued at $165,000. Qube Research & Technologies Ltd acquired a new position in Packaging Corp Of America in the 2nd quarter valued at $220,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Packaging Corp Of America in the 2nd quarter valued at $226,000. 87.21% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 14th were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.50%. Packaging Corp Of America’s payout ratio is 52.49%.

About Packaging Corp Of America

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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