Packaging Corp Of America (PKG) Set to Announce Quarterly Earnings on Tuesday
Packaging Corp Of America (NYSE:PKG) is scheduled to announce its Q114 earnings results on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.00 per share and revenue of $1.42 billion for the quarter.
Packaging Corp Of America (NYSE:PKG) last announced its earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.15. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 71.7% on a year-over-year basis. On average, analysts expect Packaging Corp Of America to post $4.69 EPS for the current fiscal year and $5.47 EPS for the next fiscal year.
Shares of Packaging Corp Of America (NYSE:PKG) opened at 67.16 on Monday. Packaging Corp Of America has a one year low of $42.64 and a one year high of $75.10. The stock’s 50-day moving average is $70.79 and its 200-day moving average is $64.79. The company has a market cap of $6.495 billion and a P/E ratio of 15.07.
A number of analysts have recently weighed in on PKG shares. Analysts at Zacks downgraded shares of Packaging Corp Of America from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $77.10 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Packaging Corp Of America from $65.00 to $68.00 in a research note on Monday, April 14th. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Packaging Corp Of America in a research note on Friday, April 11th. They now have a $86.00 price target on the stock, up previously from $83.00. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $70.39.
Packaging Corporation of America is a producer of containerboard in the United States. The Company’s corrugated products manufacturing plants produce a variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays.
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