Zacks Research Has Positive Estimate for PKG Q2 Earnings

Packaging Corporation of America (NYSE:PKG) – Research analysts at Zacks Research upped their Q2 2028 EPS estimates for shares of Packaging Corporation of America in a research note issued to investors on Friday, June 26th. Zacks Research analyst Team now anticipates that the industrial products company will earn $3.48 per share for the quarter, up from their previous estimate of $3.43. The consensus estimate for Packaging Corporation of America’s current full-year earnings is $10.45 per share.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. raised their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Truist Financial reiterated a “buy” rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Wells Fargo & Company lowered their price objective on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Finally, UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $238.05 on Thursday. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.23 and a beta of 0.80. Packaging Corporation of America has a twelve month low of $189.03 and a twelve month high of $249.51. The company’s fifty day moving average is $222.61 and its 200 day moving average is $219.76. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

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

Institutional Trading of Packaging Corporation of America

A number of large investors have recently bought and sold shares of the business. Ballast Advisors LLC acquired a new position in shares of Packaging Corporation of America in the 1st quarter valued at about $93,000. Farmers National Bank acquired a new stake in Packaging Corporation of America during the first quarter worth approximately $243,000. Glenmede Trust Co. NA increased its holdings in Packaging Corporation of America by 50.7% in the first quarter. Glenmede Trust Co. NA now owns 2,306 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 776 shares in the last quarter. SHUTTLEWORTH & Co increased its holdings in Packaging Corporation of America by 1.4% in the first quarter. SHUTTLEWORTH & Co now owns 10,287 shares of the industrial products company’s stock worth $2,183,000 after purchasing an additional 147 shares in the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new position in Packaging Corporation of America in the first quarter valued at approximately $82,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Packaging Corporation of America Increases Dividend

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

About Packaging Corporation of America

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.