Packaging Corporation of America (NYSE:PKG) Updates Q3 2026 Earnings Guidance

Packaging Corporation of America (NYSE:PKG) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.910-2.910 for the period, compared to the consensus estimate of 2.970. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PKG. Citigroup lifted their price target on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Bank of America lifted their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. 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, Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and an average price target of $256.14.

Packaging Corporation of America Trading Down 0.4%

PKG traded down $0.84 on Wednesday, hitting $227.37. The company had a trading volume of 1,514,240 shares, compared to its average volume of 890,637. The company’s fifty day moving average price is $226.14 and its 200 day moving average price is $222.17. Packaging Corporation of America has a 1 year low of $189.03 and a 1 year high of $249.51. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The firm has a market cap of $20.26 billion, a P/E ratio of 27.66, a PEG ratio of 2.13 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts expect that Packaging Corporation of America will post 10.46 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is 72.99%.

Insiders Place Their Bets

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America 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 completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

Several institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Packaging Corporation of America by 7.1% during the 4th quarter. Pacer Advisors Inc. now owns 7,638 shares of the industrial products company’s stock valued at $1,575,000 after acquiring an additional 508 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Packaging Corporation of America by 201.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 202,886 shares of the industrial products company’s stock valued at $41,842,000 after acquiring an additional 135,650 shares in the last quarter. Compound Planning Inc. increased its stake in Packaging Corporation of America by 48.3% during the fourth quarter. Compound Planning Inc. now owns 2,556 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 833 shares during the period. Invesco Ltd. increased its stake in Packaging Corporation of America by 7.1% during the fourth quarter. Invesco Ltd. now owns 1,079,532 shares of the industrial products company’s stock worth $222,632,000 after purchasing an additional 71,373 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Packaging Corporation of America by 35.6% during the fourth quarter. Corient Private Wealth LLC now owns 113,444 shares of the industrial products company’s stock worth $23,396,000 after purchasing an additional 29,771 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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.