Brokers Issue Forecasts for Packaging Co. of America’s Q4 2024 Earnings (NYSE:PKG)

Packaging Co. of America (NYSE:PKG) – Investment analysts at Zacks Research lifted their Q4 2024 EPS estimates for shares of Packaging Co. of America in a note issued to investors on Monday, September 30th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn $2.31 per share for the quarter, up from their prior estimate of $2.28. The consensus estimate for Packaging Co. of America’s current full-year earnings is $8.72 per share. Zacks Research also issued estimates for Packaging Co. of America’s FY2025 earnings at $10.03 EPS and Q3 2026 earnings at $2.81 EPS.

Packaging Co. of America (NYSE:PKG) last announced 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. Packaging Co. of America had a net margin of 9.06% and a return on equity of 18.21%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business earned $2.31 EPS. Packaging Co. of America’s quarterly revenue was up 6.3% on a year-over-year basis.

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

Packaging Co. of America Stock Performance

NYSE PKG opened at $215.35 on Wednesday. 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 has a market capitalization of $19.34 billion, a P/E ratio of 26.92, a P/E/G ratio of 4.23 and a beta of 0.77. Packaging Co. of America has a 12-month low of $143.82 and a 12-month high of $217.69. The firm has a 50-day moving average price of $203.76 and a two-hundred day moving average price of $190.25.

Packaging Co. of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, September 16th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Packaging Co. of America

In related news, EVP Charles J. Carter sold 5,389 shares of the 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 $1,057,752.92. Following the completion of the transaction, the executive vice president now owns 25,539 shares of the company’s stock, valued at approximately $5,012,794.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction, the senior vice president now directly owns 20,772 shares in the company, valued at approximately $4,077,128.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles J. Carter sold 5,389 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the sale, the executive vice president now owns 25,539 shares of the company’s stock, valued at $5,012,794.92. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Packaging Co. of America

A number of large investors have recently bought and sold shares of the stock. Register Financial Advisors LLC bought a new position in shares of Packaging Co. of America in the first quarter valued at $25,000. Neo Ivy Capital Management bought a new stake in Packaging Co. of America during the fourth quarter valued at approximately $28,000. Asset Dedication LLC lifted its position in Packaging Co. of America by 200.0% during the second quarter. Asset Dedication LLC now owns 168 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 112 shares during the last quarter. Tortoise Investment Management LLC bought a new stake in shares of Packaging Co. of America in the 2nd quarter worth approximately $33,000. Finally, Headlands Technologies LLC bought a new stake in shares of Packaging Co. of America in the 1st quarter worth approximately $43,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

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.