FY2028 Earnings Forecast for PKG Issued By Zacks Research

Packaging Corporation of America (NYSE:PKG) – Equities researchers at Zacks Research cut their FY2028 earnings per share (EPS) estimates for shares of Packaging Corporation of America in a research note issued to investors on Friday, June 5th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $13.97 per share for the year, down from their previous forecast of $14.08. The consensus estimate for Packaging Corporation of America’s current full-year earnings is $10.80 per share.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.23. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations 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 was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS.

Several other research firms have also weighed in on PKG. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the company from $225.00 to $256.00 in a report on Monday, May 4th. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. Finally, Wells Fargo & Company decreased their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.57.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $219.49 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 2.01 and a beta of 0.81. The company’s 50-day moving average is $214.69 and its two-hundred day moving average is $215.77. Packaging Corporation of America has a 1-year low of $184.76 and a 1-year high of $249.51.

Hedge Funds Weigh In On Packaging Corporation of America

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Packaging Corporation of America by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after acquiring an additional 51,790 shares during the last quarter. State Street Corp lifted its holdings in shares of Packaging Corporation of America by 1.3% in the 4th quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock worth $868,349,000 after acquiring an additional 54,884 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Packaging Corporation of America by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after acquiring an additional 83,978 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Packaging Corporation of America by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock worth $683,997,000 after acquiring an additional 231,474 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Packaging Corporation of America by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock worth $580,897,000 after acquiring an additional 73,047 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Packaging Corporation of America

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

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $1.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.7%. 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 60.83%.

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.