Analysts forecast that Packaging Corporation of America (NYSE:PKG) will announce earnings per share (EPS) of $1.70 for the current quarter, according to Zacks. Five analysts have issued estimates for Packaging Corporation of America’s earnings, with the lowest EPS estimate coming in at $1.68 and the highest estimate coming in at $1.72. Packaging Corporation of America reported earnings of $1.30 per share during the same quarter last year, which would indicate a positive year over year growth rate of 30.8%. The business is expected to announce its next quarterly earnings results on Wednesday, October 18th.

According to Zacks, analysts expect that Packaging Corporation of America will report full year earnings of $6.04 per share for the current financial year, with EPS estimates ranging from $5.66 to $6.30. For the next financial year, analysts expect that the company will report earnings of $6.76 per share, with EPS estimates ranging from $6.40 to $7.10. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Packaging Corporation of America.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.47 by $0.05. Packaging Corporation of America had a net margin of 8.05% and a return on equity of 28.31%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business’s revenue was up 11.8% on a year-over-year basis.

A number of research firms have recently commented on PKG. BMO Capital Markets reissued a “buy” rating and set a $118.00 target price on shares of Packaging Corporation of America in a research note on Friday. BidaskClub upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Packaging Corporation of America from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $105.00 to $111.00 in a research report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $128.00 price target (up from $114.00) on shares of Packaging Corporation of America in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Packaging Corporation of America has a consensus rating of “Buy” and an average price target of $102.73.

A number of institutional investors have recently bought and sold shares of PKG. First Manhattan Co. raised its position in Packaging Corporation of America by 0.4% in the first quarter. First Manhattan Co. now owns 5,550 shares of the industrial products company’s stock valued at $450,000 after buying an additional 21 shares during the last quarter. Advisor Partners LLC raised its position in Packaging Corporation of America by 1.2% in the second quarter. Advisor Partners LLC now owns 3,170 shares of the industrial products company’s stock valued at $353,000 after buying an additional 39 shares during the last quarter. Quadrant Capital Group LLC raised its position in Packaging Corporation of America by 1.5% in the first quarter. Quadrant Capital Group LLC now owns 2,974 shares of the industrial products company’s stock valued at $270,000 after buying an additional 44 shares during the last quarter. Somerset Trust Co raised its position in Packaging Corporation of America by 0.4% in the second quarter. Somerset Trust Co now owns 12,154 shares of the industrial products company’s stock valued at $1,353,000 after buying an additional 51 shares during the last quarter. Finally, Capital Innovations LLC raised its position in Packaging Corporation of America by 1.8% in the first quarter. Capital Innovations LLC now owns 3,479 shares of the industrial products company’s stock valued at $319,000 after buying an additional 60 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.

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Packaging Corporation of America (NYSE PKG) traded up 0.18% on Tuesday, hitting $109.62. 995,676 shares of the company’s stock traded hands. The stock has a market cap of $10.24 billion, a PE ratio of 21.12 and a beta of 1.86. The stock has a 50-day moving average of $110.08 and a 200-day moving average of $99.10. Packaging Corporation of America has a one year low of $73.34 and a one year high of $114.31.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were issued a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.52 annualized dividend and a yield of 2.30%. Packaging Corporation of America’s payout ratio is 48.56%.

Packaging Corporation of America Company Profile

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.

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

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