FY2024 EPS Estimates for Packaging Co. of America (NYSE:PKG) Cut by Zacks Research

Packaging Co. of America (NYSE:PKG) – Investment analysts at Zacks Research cut their FY2024 earnings per share estimates for shares of Packaging Co. of America in a research note issued on Monday, August 26th. Zacks Research analyst M. Das now expects that the industrial products company will earn $8.65 per share for the year, down from their prior estimate of $8.66. The consensus estimate for Packaging Co. of America’s current full-year earnings is $8.71 per share. Zacks Research also issued estimates for Packaging Co. of America’s Q2 2025 earnings at $2.55 EPS, Q1 2026 earnings at $2.45 EPS, Q2 2026 earnings at $2.75 EPS and FY2026 earnings at $10.86 EPS.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.06. Packaging Co. of America had a net margin of 9.06% and a return on equity of 18.21%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the business posted $2.31 earnings per share. Packaging Co. of America’s revenue was up 6.3% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Citigroup upped their target price on Packaging Co. of America from $181.00 to $187.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Wells Fargo & Company upped their price objective on Packaging Co. of America from $194.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Bank of America lifted their target price on Packaging Co. of America from $197.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 17th. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Truist Financial lifted their price target on shares of Packaging Co. of America from $215.00 to $219.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Packaging Co. of America presently has a consensus rating of “Hold” and an average price target of $190.50.

Packaging Co. of America Stock Performance

Shares of Packaging Co. of America stock opened at $209.54 on Thursday. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.60. The company has a market cap of $18.82 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 5.08 and a beta of 0.77. The company has a 50 day moving average of $192.42 and a 200-day moving average of $185.00. Packaging Co. of America has a 1-year low of $143.82 and a 1-year high of $210.11.

Packaging Co. of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $5.00 annualized dividend and a yield of 2.39%. Packaging Co. of America’s dividend payout ratio is presently 62.50%.

Insiders Place Their Bets

In related news, EVP Charles J. Carter sold 5,389 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the completion of the transaction, the executive vice president now directly owns 25,539 shares of the company’s stock, valued at approximately $5,012,794.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Packaging Co. of America news, EVP Charles J. Carter sold 5,389 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the completion of the sale, the executive vice president now owns 25,539 shares of the company’s stock, valued at approximately $5,012,794.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donald R. Shirley sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $196.28, for a total transaction of $1,177,680.00. Following the transaction, the senior vice president now owns 20,772 shares of the company’s stock, valued at approximately $4,077,128.16. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Trading of Packaging Co. of America

A number of institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in Packaging Co. of America by 19,323.7% during the fourth quarter. International Assets Investment Management LLC now owns 30,301 shares of the industrial products company’s stock worth $4,936,000 after purchasing an additional 30,145 shares during the period. Federated Hermes Inc. increased its stake in shares of Packaging Co. of America by 263.2% in the 4th quarter. Federated Hermes Inc. now owns 1,195 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 866 shares in the last quarter. CWM LLC lifted its position in shares of Packaging Co. of America by 46.8% during the 4th quarter. CWM LLC now owns 2,652 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 845 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Packaging Co. of America by 66.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,628 shares of the industrial products company’s stock worth $920,000 after acquiring an additional 2,252 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Packaging Co. of America by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 162,578 shares of the industrial products company’s stock worth $26,491,000 after purchasing an additional 486 shares during the period. Institutional investors own 89.78% of the company’s stock.

Packaging Co. of America Company Profile

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.