Packaging Co. of America (NYSE:PKG – Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.15, Yahoo Finance reports. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.09 billion. Packaging Co. of America had a net margin of 9.06% and a return on equity of 18.21%. Packaging Co. of America’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Packaging Co. of America updated its Q4 2024 guidance to 2.470-2.470 EPS.
Packaging Co. of America Stock Up 5.5 %
PKG stock opened at $228.65 on Thursday. The business’s 50-day moving average is $210.82 and its two-hundred day moving average is $193.70. The company has a market cap of $20.54 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 4.33 and a beta of 0.77. Packaging Co. of America has a fifty-two week low of $145.02 and a fifty-two week high of $231.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.71 and a current ratio of 2.43.
Packaging Co. of America Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, October 15th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Monday, September 16th. Packaging Co. of America’s payout ratio is currently 62.74%.
Analyst Ratings Changes
View Our Latest Stock Analysis on Packaging Co. of America
About Packaging Co. of America
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 packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
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