Research Analysts Issue Forecasts for Packaging Co. of America’s FY2024 Earnings (NYSE:PKG)

Packaging Co. of America (NYSE:PKG) – Investment analysts at Zacks Research reduced their FY2024 earnings estimates for Packaging Co. of America in a note issued to investors on Monday, August 26th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $8.65 per share for the year, down from their prior forecast of $8.66. The consensus estimate for Packaging Co. of America’s current full-year earnings is $8.71 per share. Zacks Research also issued estimates for Packaging Co. of America’s Q2 2025 earnings at $2.55 EPS, Q1 2026 earnings at $2.45 EPS, Q2 2026 earnings at $2.75 EPS and FY2026 earnings at $10.86 EPS.

Packaging Co. of America (NYSE:PKG) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. Packaging Co. of America had a net margin of 9.06% and a return on equity of 18.21%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 earnings per share.

Other equities analysts also recently issued reports about the stock. Truist Financial boosted their target price on shares of Packaging Co. of America from $215.00 to $219.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com downgraded shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Packaging Co. of America from $194.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Bank of America boosted their target price on shares of Packaging Co. of America from $197.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Citigroup boosted their target price on shares of Packaging Co. of America from $181.00 to $187.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Packaging Co. of America currently has an average rating of “Hold” and an average price target of $190.50.

Packaging Co. of America Price Performance

NYSE:PKG opened at $206.69 on Thursday. The firm has a market cap of $18.56 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 5.08 and a beta of 0.77. Packaging Co. of America has a 12 month low of $143.82 and a 12 month high of $206.90. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $191.90 and its two-hundred day moving average price is $184.72.

Institutional Investors Weigh In On Packaging Co. of America

Several large investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Packaging Co. of America by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 70,689 shares of the industrial products company’s stock valued at $13,419,000 after buying an additional 3,078 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Packaging Co. of America by 30.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 90,686 shares of the industrial products company’s stock valued at $17,168,000 after buying an additional 21,143 shares during the period. Cim LLC acquired a new position in shares of Packaging Co. of America in the fourth quarter valued at approximately $2,003,000. Summit Financial Strategies Inc. boosted its holdings in shares of Packaging Co. of America by 5.5% in the second quarter. Summit Financial Strategies Inc. now owns 234,495 shares of the industrial products company’s stock valued at $42,809,000 after buying an additional 12,129 shares during the period. Finally, AXS Investments LLC acquired a new position in shares of Packaging Co. of America in the fourth quarter valued at approximately $766,000. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling

In related news, SVP Donald R. Shirley sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $196.28, for a total transaction of $1,177,680.00. Following the completion of the sale, the senior vice president now directly owns 20,772 shares of the company’s stock, valued at $4,077,128.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Packaging Co. of America news, SVP Donald R. Shirley sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $196.28, for a total value of $1,177,680.00. Following the completion of the sale, the senior vice president now owns 20,772 shares of the company’s stock, valued at $4,077,128.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles J. Carter sold 5,389 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the completion of the sale, the executive vice president now directly owns 25,539 shares of the company’s stock, valued at approximately $5,012,794.92. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Packaging Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, October 15th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, September 16th. Packaging Co. of America’s dividend payout ratio (DPR) is 62.50%.

About Packaging Co. of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. 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.