Packaging Corporation of America (NYSE:PKG) Releases Earnings Results, Beats Expectations By $0.11 EPS

Packaging Corporation of America (NYSE:PKG) released its earnings results on Wednesday. The industrial products company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.11, Zacks reports. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.61 billion. Packaging Corporation of America had a return on equity of 19.63% and a net margin of 7.40%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 earnings per share.

Packaging Corporation of America Stock Up 3.9%

Shares of PKG stock opened at $248.36 on Friday. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The stock has a market cap of $22.13 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.96 and a beta of 0.75. The stock has a 50 day moving average of $237.17 and a 200 day moving average of $230.79. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 15th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 77.92%.

Insider Activity at Packaging Corporation of America

In other news, VP Donald R. Shirley sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the sale, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This trade represents a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Hassfurther sold 7,063 shares of Packaging Corporation of America stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president directly owned 202,891 shares of the company’s stock, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 40,391 shares of company stock worth $10,196,101. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 7th. Citigroup decreased their price objective on shares of Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Truist Financial upped their price objective on shares of Packaging Corporation of America from $270.00 to $280.00 and gave the company a “buy” rating in a report on Monday, October 12th. Bank of America cut their price objective on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, September 11th. Finally, UBS Group cut their price objective on shares of Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $271.86.

More Packaging Corporation of America News

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Third-quarter profit exceeded expectations. Adjusted earnings were $3.04 per share, above the roughly $2.93–$2.95 consensus and up from $2.73 a year earlier. Revenue rose 12.5% year over year to approximately $2.6 billion, broadly in line with estimates. Packaging Corporation of America Reports Third Quarter 2026 Results
• Positive Sentiment: Operating performance benefited from pricing and mix. Higher shipments, favorable price/mix, and contributions from the acquired Greif operations supported results and helped offset freight-cost pressure. Management also highlighted ongoing cost discipline and successful integration of Greif. Packaging Corp Q3 Earnings Beat Estimates on Favorable Price and Mix
• Positive Sentiment: Fourth-quarter outlook was reportedly above consensus. Expected price increases and continued cost controls provide potential earnings support, reinforcing the view that margins remain resilient despite a challenging cost environment. Packaging Corporation of America: A Good Company Isn’t Always A Good Stock
• Neutral Sentiment: Analyst price targets imply additional upside, with the reported average target at $271.86. However, targets reflect estimates rather than guaranteed returns. Packaging Corporation of America Stock Has Average Price Target of $271.86
• Negative Sentiment: Cost and valuation risks remain. Freight and other input costs, along with planned maintenance outages, could limit fourth-quarter gains. At approximately 23.6 times earnings, some analysts view PKG as expensive relative to its growth prospects and maintain a Sell rating despite the strong operating results. Packaging Corporation of America: A Good Company Isn’t Always A Good Stock

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE:PKG) is a manufacturer of corrugated packaging and containerboard products serving businesses primarily in the United States. Its products include shipping boxes, retail packaging, displays, protective packaging and specialty corrugated solutions used to transport and present a broad range of consumer and industrial goods.

The company also produces uncoated freesheet paper and related paper products for commercial printing, office use, publishing, converting and other applications.