Zacks Research Issues Negative Estimate for PKG Earnings

Packaging Co. of America (NYSE:PKG) – Zacks Research decreased their Q1 2027 EPS estimates for shares of Packaging Co. of America in a research note issued to investors on Monday, April 14th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $2.65 per share for the quarter, down from their previous estimate of $2.68. The consensus estimate for Packaging Co. of America’s current full-year earnings is $10.44 per share.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%.

Several other research analysts have also commented on PKG. Jefferies Financial Group upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $215.00 to $280.00 in a research note on Wednesday, December 18th. Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th. StockNews.com lowered Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Sunday, April 6th. Truist Financial restated a “buy” rating and issued a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Finally, Citigroup increased their price target on Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Packaging Co. of America has a consensus rating of “Moderate Buy” and a consensus price target of $237.80.

Packaging Co. of America Stock Down 1.0 %

PKG opened at $186.91 on Wednesday. The company has a market capitalization of $16.81 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. Packaging Co. of America has a fifty-two week low of $169.00 and a fifty-two week high of $250.82. The business has a 50-day moving average of $199.44 and a 200-day moving average of $219.48.

Packaging Co. of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is currently 55.99%.

Hedge Funds Weigh In On Packaging Co. of America

Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC increased its holdings in shares of Packaging Co. of America by 150.8% during the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 98 shares during the period. Centricity Wealth Management LLC bought a new position in Packaging Co. of America during the fourth quarter valued at about $44,000. Lazard Asset Management LLC raised its holdings in Packaging Co. of America by 1,033.3% in the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 186 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Packaging Co. of America in the 4th quarter worth approximately $48,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Packaging Co. of America during the 4th quarter worth approximately $63,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

About Packaging Co. of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.