Brokerages Anticipate Packaging Co. of America (NYSE:PKG) to Post $1.51 Earnings Per Share


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Equities analysts forecast that Packaging Co. of America (NYSE:PKG) will announce $1.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Packaging Co. of America’s earnings, with estimates ranging from $1.40 to $1.64. Packaging Co. of America posted earnings of $1.50 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The business is scheduled to announce its next earnings results on Monday, April 26th.

On average, analysts expect that Packaging Co. of America will report full year earnings of $6.77 per share for the current year, with EPS estimates ranging from $6.20 to $7.60. For the next fiscal year, analysts anticipate that the company will report earnings of $7.06 per share, with EPS estimates ranging from $6.20 to $7.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Packaging Co. of America.

Packaging Co. of America (NYSE:PKG) last posted its earnings results on Tuesday, January 26th. The industrial products company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.09). The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Packaging Co. of America had a net margin of 7.11% and a return on equity of 18.67%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business posted $1.71 earnings per share.

PKG has been the topic of a number of recent research reports. BMO Capital Markets lowered Packaging Co. of America from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $144.00 to $134.00 in a research report on Tuesday, January 12th. Morgan Stanley increased their target price on shares of Packaging Co. of America from $126.00 to $131.00 and gave the company an “equal weight” rating in a research report on Monday, February 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Packaging Co. of America from $100.00 to $128.00 and gave the stock a “hold” rating in a research note on Wednesday, January 20th. KeyCorp raised shares of Packaging Co. of America from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 7th. Finally, Jefferies Financial Group initiated coverage on shares of Packaging Co. of America in a report on Tuesday, January 5th. They set a “hold” rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Packaging Co. of America presently has an average rating of “Hold” and an average price target of $133.50.

Shares of PKG stock traded down $1.38 on Tuesday, hitting $132.94. The stock had a trading volume of 7,818 shares, compared to its average volume of 706,234. The business has a 50 day moving average price of $137.76 and a 200 day moving average price of $122.73. Packaging Co. of America has a one year low of $71.05 and a one year high of $148.14. The company has a quick ratio of 2.54, a current ratio of 3.54 and a debt-to-equity ratio of 0.78. The company has a market cap of $12.61 billion, a PE ratio of 27.03, a P/E/G ratio of 4.14 and a beta of 1.07.

Institutional investors have recently made changes to their positions in the stock. Vantage Consulting Group Inc purchased a new stake in Packaging Co. of America in the 4th quarter worth about $30,000. Nachman Norwood & Parrott Inc bought a new position in shares of Packaging Co. of America in the 3rd quarter valued at approximately $32,000. Fortis Group Advisors LLC acquired a new stake in Packaging Co. of America in the 3rd quarter valued at approximately $32,000. Perigon Wealth Management LLC acquired a new stake in Packaging Co. of America in the 4th quarter valued at approximately $32,000. Finally, Glassman Wealth Services grew its holdings in shares of Packaging Co. of America by 134.3% during the 4th quarter. Glassman Wealth Services now owns 246 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 141 shares in the last quarter. 88.40% of the stock is owned by hedge funds and other institutional investors.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and 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, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

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