Packaging Corporation of America (NYSE:PKG) Announces Earnings Results, Beats Estimates By $0.23 EPS
by Amy Steele · The Cerbat GemPackaging Corporation of America (NYSE:PKG – Get Free Report) announced its earnings results on Wednesday. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23, Zacks reports. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.Packaging Corporation of America’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $2.31 EPS. Packaging Corporation of America updated its Q2 2026 guidance to 2.330-2.330 EPS.
Packaging Corporation of America Price Performance
Shares of Packaging Corporation of America stock traded up $13.40 during trading on Thursday, reaching $218.64. 282,753 shares of the stock traded hands, compared to its average volume of 1,023,421. The company has a market capitalization of $19.46 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.90 and a beta of 0.90. The business has a fifty day simple moving average of $218.86 and a two-hundred day simple moving average of $212.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.17 and a quick ratio of 1.94. Packaging Corporation of America has a 52-week low of $178.30 and a 52-week high of $249.51.
Packaging Corporation of America Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 58.34%.
Insider Buying and Selling at Packaging Corporation of America
In other news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president owned 197,062 shares in the company, valued at $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in shares of Packaging Corporation of America by 7.1% during the fourth quarter. Pacer Advisors Inc. now owns 7,638 shares of the industrial products company’s stock valued at $1,575,000 after purchasing an additional 508 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Packaging Corporation of America by 201.8% during the fourth 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 purchasing an additional 135,650 shares in the last quarter. Compound Planning Inc. grew its position in shares of 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 valued at $527,000 after purchasing an additional 833 shares in the last quarter. Invesco Ltd. grew its position in shares of 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 valued at $222,632,000 after purchasing an additional 71,373 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in Packaging Corporation of America by 35.6% in the fourth quarter. Corient Private Wealth LLC now owns 113,444 shares of the industrial products company’s stock worth $23,396,000 after acquiring an additional 29,771 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.
Wall Street Analyst Weigh In
PKG has been the topic of a number of recent analyst reports. UBS Group decreased their price target on Packaging Corporation of America from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Citigroup decreased their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Truist Financial decreased their price target on Packaging Corporation of America from $267.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Packaging Corporation of America in a report on Wednesday, April 1st. They set a “hold” rating and a $225.00 price target on the stock. Finally, Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $229.00.
Get Our Latest Stock Report on PKG
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.