Zacks Research Has Negative Estimate for PKG Q4 Earnings

Packaging Corporation of America (NYSE:PKG) – Equities researchers at Zacks Research lowered their Q4 2027 earnings estimates for shares of Packaging Corporation of America in a report issued on Thursday, January 15th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $3.20 for the quarter, down from their previous forecast of $3.21. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Packaging Corporation of America’s current full-year earnings is $10.44 per share.

Several other research firms have also recently issued reports on PKG. UBS Group increased their price target on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. Wells Fargo & Company upgraded shares of Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $222.00 to $233.00 in a research report on Tuesday, January 6th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $236.17.

Packaging Corporation of America Stock Down 1.9%

Shares of Packaging Corporation of America stock opened at $217.14 on Monday. The business’s fifty day moving average price is $205.44 and its two-hundred day moving average price is $206.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The company has a market capitalization of $19.54 billion, a P/E ratio of 21.96, a PEG ratio of 1.68 and a beta of 0.88. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $242.68.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.Packaging Corporation of America’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $2.65 EPS.

Hedge Funds Weigh In On Packaging Corporation of America

Several hedge funds have recently made changes to their positions in PKG. World Investment Advisors lifted its stake in Packaging Corporation of America by 4.1% during the third quarter. World Investment Advisors now owns 1,279 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 50 shares during the last quarter. Advyzon Investment Management LLC increased its holdings in shares of Packaging Corporation of America by 3.3% in the second quarter. Advyzon Investment Management LLC now owns 1,608 shares of the industrial products company’s stock valued at $303,000 after buying an additional 52 shares in the last quarter. Argent Advisors Inc. increased its holdings in shares of Packaging Corporation of America by 1.9% in the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock valued at $622,000 after buying an additional 52 shares in the last quarter. Eastern Bank lifted its position in shares of Packaging Corporation of America by 11.0% during the 3rd quarter. Eastern Bank now owns 555 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 55 shares during the last quarter. Finally, Forza Wealth Management LLC lifted its position in shares of Packaging Corporation of America by 2.8% during the 2nd quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock valued at $391,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio is presently 50.56%.

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.