Equities research analysts expect that Packaging Corporation of America (NYSE:PKG) will post $1.62 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Packaging Corporation of America’s earnings. The lowest sales estimate is $1.56 billion and the highest is $1.68 billion. Packaging Corporation of America reported sales of $1.48 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 29th.

According to Zacks, analysts expect that Packaging Corporation of America will report full year sales of $1.62 billion for the current financial year, with estimates ranging from $6.32 billion to $6.42 billion. For the next fiscal year, analysts expect that the business will report sales of $6.73 billion per share, with estimates ranging from $6.50 billion to $6.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Packaging Corporation of America.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). Packaging Corporation of America had a return on equity of 29.38% and a net margin of 8.18%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business posted $1.30 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis.

Several brokerages have recently commented on PKG. BMO Capital Markets reaffirmed a “buy” rating and set a $118.00 price target on shares of Packaging Corporation of America in a research report on Friday, August 4th. BidaskClub raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. KeyCorp reissued a “hold” rating on shares of Packaging Corporation of America in a report on Wednesday, October 18th. Zacks Investment Research cut shares of Packaging Corporation of America from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $128.00 target price on shares of Packaging Corporation of America in a report on Friday, August 18th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $117.36.

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Shares of Packaging Corporation of America (PKG) traded up $0.35 during mid-day trading on Wednesday, hitting $112.71. 456,700 shares of the stock traded hands, compared to its average volume of 904,560. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30. Packaging Corporation of America has a twelve month low of $84.01 and a twelve month high of $120.75. The company has a market capitalization of $10,601.22, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.82.

In related news, SVP Thomas W.H. Walton sold 6,027 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total transaction of $700,036.05. Following the transaction, the senior vice president now owns 32,690 shares in the company, valued at $3,796,943.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas A. Hassfurther sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $117.94, for a total transaction of $707,640.00. Following the transaction, the vice president now owns 155,071 shares in the company, valued at approximately $18,289,073.74. The disclosure for this sale can be found here. Insiders have sold 43,177 shares of company stock worth $2,129,972 in the last quarter. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Packaging Corporation of America by 35.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,575 shares of the industrial products company’s stock worth $639,000 after buying an additional 1,455 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Packaging Corporation of America by 1,424.5% during the third quarter. Cubist Systematic Strategies LLC now owns 16,770 shares of the industrial products company’s stock worth $1,923,000 after buying an additional 15,670 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Packaging Corporation of America by 72.9% during the third quarter. Point72 Asset Management L.P. now owns 23,000 shares of the industrial products company’s stock worth $2,638,000 after buying an additional 9,700 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Packaging Corporation of America by 46.2% during the third quarter. Janus Henderson Group PLC now owns 873,664 shares of the industrial products company’s stock worth $100,192,000 after buying an additional 275,933 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Packaging Corporation of America during the third quarter worth approximately $1,855,000. Hedge funds and other institutional investors own 88.02% of the company’s stock.

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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