Analysts expect Packaging Co. of America (NYSE:PKG) to report $1.75 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Packaging Co. of America’s earnings, with the lowest sales estimate coming in at $1.71 billion and the highest estimate coming in at $1.78 billion. Packaging Co. of America posted sales of $1.71 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The business is scheduled to announce its next earnings report on Monday, April 26th.

On average, analysts expect that Packaging Co. of America will report full-year sales of $7.06 billion for the current year, with estimates ranging from $6.85 billion to $7.32 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.08 billion, with estimates ranging from $6.89 billion to $7.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Packaging Co. of America.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 26th. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.09). Packaging Co. of America had a return on equity of 18.67% and a net margin of 7.11%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis.

A number of equities analysts have recently weighed in on PKG shares. UBS Group initiated coverage on shares of Packaging Co. of America in a research report on Tuesday, January 12th. They issued a “sell” rating and a $146.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Packaging Co. of America from $126.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Monday, February 1st. Zacks Investment Research downgraded shares of Packaging Co. of America from a “buy” rating to a “hold” rating and set a $143.00 target price for the company. in a research note on Tuesday, January 5th. Wells Fargo & Company upped their target price on shares of Packaging Co. of America from $115.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, January 11th. Finally, Argus upped their price target on shares of Packaging Co. of America from $130.00 to $160.00 and gave the company a “buy” rating in a report on Friday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $133.50.

A number of hedge funds have recently made changes to their positions in PKG. JPMorgan Chase & Co. grew its position in shares of Packaging Co. of America by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,324,490 shares of the industrial products company’s stock valued at $458,480,000 after purchasing an additional 76,976 shares during the period. National Pension Service increased its holdings in shares of Packaging Co. of America by 2,750.3% during the 4th quarter. National Pension Service now owns 167,140 shares of the industrial products company’s stock worth $23,050,000 after acquiring an additional 161,276 shares during the last quarter. Truist Financial Corp grew its holdings in Packaging Co. of America by 12.5% in the 4th quarter. Truist Financial Corp now owns 69,913 shares of the industrial products company’s stock valued at $9,641,000 after buying an additional 7,785 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Packaging Co. of America in the 4th quarter valued at $1,655,000. Finally, Freedman Financial Associates Inc. acquired a new stake in shares of Packaging Co. of America during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.

PKG traded down $1.38 during midday trading on Thursday, reaching $132.94. 7,818 shares of the company’s stock were exchanged, compared to its average volume of 706,234. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.54 and a quick ratio of 2.54. The stock has a market capitalization of $12.61 billion, a PE ratio of 27.03, a P/E/G ratio of 4.14 and a beta of 1.07. The business’s 50-day moving average price is $137.76 and its 200 day moving average price is $122.73. Packaging Co. of America has a 1-year low of $71.05 and a 1-year high of $148.14.

About Packaging Co. of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

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