Packaging Corporation of America (PKG)
| Market Cap | 15.31B |
| Revenue (ttm) | 7.80B |
| Net Income (ttm) | 765.20M |
| Shares Out | 89.62M |
| EPS (ttm) | 8.48 |
| PE Ratio | 20.15 |
| Forward PE | 19.37 |
| Dividend | $5.00 (2.93%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 1,436,832 |
| Open | 169.70 |
| Previous Close | 179.29 |
| Day's Range | 169.00 - 173.86 |
| 52-Week Range | 122.20 - 191.27 |
| Beta | 0.80 |
| Analysts | Buy |
| Price Target | 170.75 (-0.08%) |
| 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]
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 StatementsAnalyst 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 -0.08% from the latest price.
News
Packaging Corporation of America Reports First Quarter 2024 Results
LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) today reported first quarter 2024 net income of $147 million, or $1.63 per share, and net income of $155 million, or $1...
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...
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....
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...
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...
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 $...
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 ...
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...
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...
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.
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.
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 $...
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....
Shipping Companies Warn of Slowing Demand. What That Means for E-Commerce.
UPS and Packaging Corp. warn that Americans are shopping online less.
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...
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....
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...
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...
Packaging Corporation of America Reports Third Quarter 2022 Results
LAKE FOREST, Ill.
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...
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.
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.
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 $...
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....