Packaging Corporation of America (PKG)

NYSE: PKG · IEX Real-Time Price · USD
178.51
-1.07 (-0.60%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-0.60%
Market Cap 16.00B
Revenue (ttm) 7.80B
Net Income (ttm) 765.20M
Shares Out 89.62M
EPS (ttm) 8.48
PE Ratio 21.05
Forward PE 20.37
Dividend $5.00 (2.80%)
Ex-Dividend Date Mar 14, 2024
Volume 596,530
Open 180.90
Previous Close 179.58
Day's Range 178.30 - 182.15
52-Week Range 122.20 - 191.27
Beta 0.80
Analysts Buy
Price Target 170.75 (-4.35%)
Earnings Date Apr 22, 2024

About PKG

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

IPO Date Jan 27, 2000
Employees 14,900
Stock Exchange NYSE
Ticker Symbol PKG
Full Company Profile

Financial Performance

In 2023, PKG's revenue was $7.80 billion, a decrease of -7.97% compared to the previous year's $8.48 billion. Earnings were $765.20 million, a decrease of -25.69%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for PKG stock is "Buy." The 12-month stock price forecast is $170.75, which is a decrease of -4.35% from the latest price.

Price Target
$170.75
(-4.35% downside)
Analyst Consensus: Buy
Stock Forecasts

News

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Packaging Corporation of America (NYSE: PKG)

NEW YORK , April 1, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Packaging Corporation of America (NYSE: PKG) on behalf of the company's shareholders.  The investiga...

16 days ago - PRNewsWire

Packaging Corporation of America Schedules Conference Call to Discuss First Quarter 2024 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, April 23, 2024 at 9:00 a.m. Eastern Time to discuss first quarter 2024 results....

27 days 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 quarte...

7 weeks ago - Business Wire

Packaging Corporation of America's Chief Executive Officer to Speak at Bank of America's 2024 Conference

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America's (NYSE: PKG) Chief Executive Officer, Mark Kowlzan, will speak at Bank of America Securities' Global Agriculture and Materials Con...

2 months ago - Business Wire

Packaging Corporation of America Reports Fourth Quarter and Full Year 2023 Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported fourth quarter 2023 net income of $189 million, or $2.10 per share, and net income of $192 million, or $...

3 months ago - Business Wire

Packaging Corporation of America Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Thursday, January 25, 2024 at 9:00 a.m. Eastern Time to discuss fourth quarter and full ...

4 months ago - Business Wire

Packaging Corporation of America Reports Third Quarter 2023 Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported third quarter 2023 net income of $183 million, or $2.03 per share, and net income of $185 million, or $2...

6 months ago - Business Wire

Packaging Corporation of America Schedules Conference Call to Discuss Third Quarter 2023 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, October 24, 2023 at 9:00 a.m. Eastern Time to discuss third quarter 2023 result...

7 months ago - Business Wire

Worst cardboard-box recession since 2008 could be a sign of broader economic weakness

Cardboard-box sales have seen the biggest contraction since the Great Recession of 2008-2009. Packaging Corp. of America just reported an almost 10% year-on-year slump in second-quarter shipments.

9 months ago - Business Insider

This Packaging Stock Is the S&P 500's Best Performer. Here's Why It's Surging.

Shares of Packaging Corp. of America surge after the producer of container products reported strong earnings.

9 months ago - Barrons

Packaging Corporation of America Reports Second Quarter 2023 Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported second quarter 2023 net income of $203 million, or $2.24 per share, and net income of $209 million, or $...

9 months ago - Business Wire

Packaging Corporation of America Schedules Conference Call to Discuss Second Quarter 2023 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, July 25, 2023 at 9:00 a.m. Eastern Time to discuss second quarter 2023 results....

10 months ago - Business Wire

Shipping Companies Warn of Slowing Demand. What That Means for E-Commerce.

UPS and Packaging Corp. warn that Americans are shopping online less.

Other symbols: UPS
1 year ago - Barrons

Packaging Corporation of America Reports First Quarter 2023 Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported first quarter 2023 net income of $190 million, or $2.11 per share, and net income of $198 million, or $2...

1 year ago - Business Wire

Packaging Corporation of America Schedules Conference Call to Discuss First Quarter 2023 Operating Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, April 25, 2023 at 9:00 a.m. Eastern Time to discuss first quarter 2023 results....

1 year ago - Business Wire

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 year ago - Business Wire

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 year ago - Business Wire

Packaging Corporation of America Reports Third Quarter 2022 Results

LAKE FOREST, Ill.

1 year ago - Business Wire

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...

1 year 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
1 year 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.

1 year ago - Barrons

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
1 year ago - GuruFocus

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 $...

1 year ago - Business Wire

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

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, July 26, 2022 at 9:00 a.m. Eastern Time to discuss second quarter 2022 results....

1 year ago - Business Wire

In a Sour Market, These Stocks Have Been Sweet

While most stocks have nosedived this year, a few have gained altitude.

Other symbols: AMRMETOGNXOM
1 year ago - GuruFocus