Packaging Corporation of America (PKG)

NYSE: PKG · IEX Real-Time Price · USD
144.42
-0.67 (-0.46%)
Feb 3, 2023, 4:03 PM EST - Market closed
-0.46%
Market Cap 13.36B
Revenue (ttm) 8.54B
Net Income (ttm) 1.03B
Shares Out 92.53M
EPS (ttm) 10.98
PE Ratio 13.15
Forward PE 14.25
Dividend $4.75 (3.29%)
Ex-Dividend Date Dec 16, 2022
Volume 732,424
Open 144.51
Previous Close 145.09
Day's Range 144.29 - 146.25
52-Week Range 110.56 - 168.50
Beta 0.88
Analysts Hold
Price Target 131.82 (-8.72%)
Earnings Date Jan 26, 2023

About PKG

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. 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 ... [Read more]

IPO Date Jan 27, 2000
Employees 15,200
Stock Exchange NYSE
Ticker Symbol PKG
Full Company Profile

Financial Performance

In 2021, PKG's revenue was $7.73 billion, an increase of 16.10% compared to the previous year's $6.66 billion. Earnings were $841.10 million, an increase of 82.45%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for PKG stock is "Hold." The 12-month stock price forecast is $131.82, which is a decrease of -8.72% from the latest price.

Price Target
$131.82
(-8.72% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Packaging Corp (PKG) Q4 Earnings Beat Estimates, Dip Y/Y

Packaging Corp's (PKG) fourth-quarter results bear the blunts of lower volumes in the Packaging and Paper segments.

1 week ago - Zacks Investment Research

Packaging Corp. (PKG) Surpasses Q4 Earnings Estimates

Packaging Corp. (PKG) delivered earnings and revenue surprises of 4.91% and 3.71%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Packaging Corporation of America Reports Fourth Quarter and Full Year 2022 Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported fourth quarter 2022 net income of $212 million, or $2.31 per share, and net income of $215 million, or...

1 week ago - Business Wire

What's in Store for Packaging Corp's (PKG) Q4 Earnings?

Packaging Corp's (PKG) fourth-quarter 2022 results are likely to reflect the impacts of a demand decline and lower volumes across all segments.

1 week ago - Zacks Investment Research

Packaging Corporation of America Schedules Conference Call to Discuss Fourth Quarter and Full Year 2022 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Thursday, January 26, 2023 at 9:00 a.m. Eastern Time to discuss fourth quarter and ful...

1 month ago - Business Wire

Packaging Corporation of America Declares Quarterly Dividend

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) announced today that its Board approved a regular quarterly dividend of $1.25 per share on its common stock. The quar...

2 months ago - Business Wire

Packaging Corp (PKG) Q3 Earnings In Line With Estimates, Up Y/Y

Packaging Corp (PKG) delivers year-over-year improvement in both Q3 top and bottom-line results on improved price and mix in its segments.

3 months ago - Zacks Investment Research

Packaging Corp. (PKG) Q3 Earnings Meet Estimates

Packaging Corp. (PKG) delivered earnings and revenue surprises of 0% and 3.73%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Packaging Corporation of America Reports Third Quarter 2022 Results

LAKE FOREST, Ill.

3 months ago - Business Wire

What's in Store for Packaging Corp's (PKG) Q3 Earnings?

Packaging Corp's (PKG) Q3 results are likely to reflect the benefits of solid packaging demand for consumer products. Higher scheduled outage costs at its Paper segment and inflated costs are expected...

3 months ago - Zacks Investment Research

Packaging Corp. (PKG) Earnings Expected to Grow: Should You Buy?

Packaging Corp. (PKG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Packaging Corporation of America Schedules Conference Call to Discuss Third Quarter 2022 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, October 25, 2022 at 9:00 a.m. Eastern Time to discuss third quarter 2022 result...

4 months ago - Business Wire

Containerboard market serves as a proxy for economic health, says Jefferies' Philip Ng

Philip Ng with Jefferies joins 'Power Lunch' to discuss their downgrading due to inventory surplus and slowing demand for containerboard, which is highly correlated with overall economic health.

Other symbols: IPWRK
5 months ago - CNBC Television

FedEx Warning Drags Down Amazon and Other E-Commerce, Packaging Shares

Some packaging stocks were on track for their worst day since 2020 following FedEx's worse-than-expected earnings and withdrawn guidance.

5 months ago - Barrons

3 Packaging Stocks With Modest Dividend Yield to Watch

Strong demand will support packaging stocks despite high costs and supply-chain headwinds. PKG, SON and GEF are some high-quality dividend stocks that can fetch investors promising returns.

Other symbols: GEFSON
5 months ago - Zacks Investment Research

3 High-Quality and Undervalued Names Paying Market-Beating Yields

The S&P 500 Index is close to bear market territory. As a result, most sectors are down for the year.

Other symbols: HDTGT
5 months ago - GuruFocus

Why Is Packaging Corp. (PKG) Up 3.1% Since Last Earnings Report?

Packaging Corp. (PKG) reported earnings 30 days ago. What's next for the stock?

5 months ago - Zacks Investment Research

Packaging Corp (PKG) Gains From Strong Demand Amid Higher Costs

Packaging Corp (PKG) benefits from solid demand for packaging products and price-increase actions across its segments despite supply chain challenges and inflationary cost pressure.

6 months ago - Zacks Investment Research

Packaging Corp (PKG) Earnings & Sales Beat Estimates in Q2

Packaging Corp (PKG) delivers impressive Q2 bottom-line results on higher volume and improved price and mix in the Packaging segment.

6 months ago - Zacks Investment Research

Packaging Corp. (PKG) Beats Q2 Earnings and Revenue Estimates

Packaging Corp. (PKG) delivered earnings and revenue surprises of 12.54% and 4.91%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Packaging Corporation of America Reports Second Quarter 2022 Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported second quarter 2022 net income of $301 million, or $3.20 per share, and net income of $304 million, or $...

6 months ago - Business Wire

Why Packaging Corp. (PKG) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Packaging Corp. (PKG) have what it takes?

7 months ago - Zacks Investment Research

Can Packaging Corp. (PKG) Keep the Earnings Surprise Streak Alive?

Packaging Corp. (PKG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

7 months ago - Zacks Investment Research

5 Stocks to Watch as Packaging Industry Shows Promise

Strong demand for consumer-oriented products and the e-commerce boom will benefit the likes of PKG, SEE, GPK, SON and GEF in the Zacks Containers-Paper and Packaging industry despite inflationary pres...

Other symbols: GEFGPKSEESON
7 months ago - Zacks Investment Research

What's in Store for Packaging Corp's (PKG) Q2 Earnings?

Packaging Corp's (PKG) Q2 performance is likely to reflect the benefits from solid packaging demand for consumer products, and strong containerboard and corrugated products demand.

7 months ago - Zacks Investment Research