Zacks Research Has Positive Forecast for PKG FY2028 Earnings

Packaging Corporation of America (NYSE:PKG) – Equities research analysts at Zacks Research upped their FY2028 earnings per share estimates for Packaging Corporation of America in a research note issued on Friday, June 26th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $13.99 for the year, up from their previous forecast of $13.97. The consensus estimate for Packaging Corporation of America’s current full-year earnings is $10.45 per share.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Citigroup reduced their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company decreased their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Finally, Truist Financial reaffirmed a “buy” rating and set a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Packaging Corporation of America Stock Down 1.8%

NYSE PKG opened at $237.18 on Tuesday. The business has a fifty day moving average price of $221.62 and a 200 day moving average price of $219.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The company has a market cap of $21.13 billion, a P/E ratio of 28.85, a P/E/G ratio of 2.26 and a beta of 0.81. Packaging Corporation of America has a one year low of $187.42 and a one year high of $249.51.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 72.99%.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Packaging Corporation of America

Several hedge funds and other institutional investors have recently bought and sold shares of the company. DV Equities LLC purchased a new position in Packaging Corporation of America during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at approximately $31,000. Covestor Ltd increased its holdings in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after buying an additional 80 shares during the period. Finally, Navalign LLC purchased a new stake in shares of Packaging Corporation of America during the 4th quarter valued at approximately $36,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.