Packaging Co. of America (NYSE:PKG) is scheduled to release its earnings data after the market closes on Tuesday, April 24th. Analysts expect Packaging Co. of America to post earnings of $1.63 per share for the quarter. Packaging Co. of America has set its Q1 guidance at $1.52 EPS.
Packaging Co. of America (NYSE:PKG) last released its earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.05. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. Packaging Co. of America had a return on equity of 28.85% and a net margin of 10.37%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, analysts expect Packaging Co. of America to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
NYSE:PKG opened at $113.92 on Tuesday. The firm has a market cap of $10,712.48, a PE ratio of 18.92, a P/E/G ratio of 1.77 and a beta of 1.81. The company has a quick ratio of 1.38, a current ratio of 2.30 and a debt-to-equity ratio of 1.15. Packaging Co. of America has a fifty-two week low of $90.28 and a fifty-two week high of $131.13.
The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 15th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.21%. Packaging Co. of America’s payout ratio is 41.86%.
A number of research firms have recently weighed in on PKG. DA Davidson upgraded Packaging Co. of America from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Wells Fargo upped their target price on Packaging Co. of America from $130.00 to $150.00 and gave the company a “market perform” rating in a research report on Thursday, February 1st. Barclays upped their target price on Packaging Co. of America from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Bank of America upped their target price on Packaging Co. of America from $134.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Zacks Investment Research upgraded Packaging Co. of America from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $128.92.
Packaging Co. of America Company Profile
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.
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