Packaging Corporation of America (NYSE:PKG) – Equities researchers at Jefferies Group decreased their Q4 2017 EPS estimates for shares of Packaging Corporation of America in a research report issued to clients and investors on Friday. Jefferies Group analyst P. Ng now anticipates that the industrial products company will earn $1.59 per share for the quarter, down from their prior estimate of $1.60. Jefferies Group has a “Buy” rating and a $128.00 price objective on the stock. Jefferies Group also issued estimates for Packaging Corporation of America’s FY2018 earnings at $7.03 EPS.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.03. Packaging Corporation of America had a net margin of 7.81% and a return on equity of 27.29%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company earned $1.11 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year.

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A number of other equities analysts have also recently weighed in on the company. Goldman Sachs Group, Inc. (The) raised Packaging Corporation of America from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $105.00 to $111.00 in a research note on Thursday. Zacks Investment Research raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Wells Fargo & Company cut Packaging Corporation of America from an “outperform” rating to a “market perform” rating in a research note on Monday, July 10th. KeyCorp assumed coverage on Packaging Corporation of America in a research note on Thursday, July 6th. They issued a “sector weight” rating on the stock. Finally, BMO Capital Markets lifted their price target on Packaging Corporation of America from $104.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Packaging Corporation of America has an average rating of “Hold” and a consensus price target of $100.33.

Shares of Packaging Corporation of America (PKG) opened at 113.11 on Monday. The firm’s 50 day moving average is $104.68 and its 200 day moving average is $95.10. The firm has a market capitalization of $10.57 billion, a PE ratio of 23.08 and a beta of 1.88. Packaging Corporation of America has a 1-year low of $72.33 and a 1-year high of $114.31.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, June 13th. This represents a $2.52 annualized dividend and a yield of 2.23%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 51.43%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Packaging Corporation of America during the first quarter valued at $113,000. TrimTabs Asset Management LLC boosted its position in Packaging Corporation of America by 88.5% in the first quarter. TrimTabs Asset Management LLC now owns 1,295 shares of the industrial products company’s stock valued at $119,000 after buying an additional 608 shares during the period. Creative Planning boosted its position in Packaging Corporation of America by 44.9% in the first quarter. Creative Planning now owns 1,563 shares of the industrial products company’s stock valued at $143,000 after buying an additional 484 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Packaging Corporation of America by 12.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,150 shares of the industrial products company’s stock valued at $197,000 after buying an additional 231 shares during the period. Finally, Atria Investments LLC acquired a new position in Packaging Corporation of America during the second quarter valued at $200,000. 88.29% of the stock is currently owned by institutional investors.

About Packaging Corporation of America

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

Earnings History and Estimates for Packaging Corporation of America (NYSE:PKG)

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