SEC Form SC 13G/A filed by Packaging Corporation of America (Amendment)
$PKG
Containers/Packaging
Consumer Discretionary
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2024 | $187.00 → $191.00 | Equal Weight → Overweight | Wells Fargo |
| 4/12/2024 | $182.00 | Outperform → Neutral | Exane BNP Paribas |
| 3/4/2024 | $172.00 → $202.00 | Neutral → Buy | BofA Securities |
| 1/29/2024 | Buy → Neutral | Seaport Research Partners | |
| 1/8/2024 | Outperform | Exane BNP Paribas | |
| 9/27/2023 | $105.00 → $142.00 | Underperform → Hold | Jefferies |
| 12/15/2022 | $146.00 → $139.00 | Buy → Neutral | BofA Securities |
| 10/18/2022 | $144.00 → $104.00 | Hold → Sell | Deutsche Bank |
Truist Securities analyst Michael Roxland maintains Packaging Corp of America (NYSE:PKG) with a Buy and raises the price target from $215 to $219.
It expects shipments-per-day to continue to strengthen, potentially setting a new third quarter record, and higher containerboard volume. Paper volume will be slightly lower primarily due to the timing of the back-to-school business received in the second quarter.
Packaging Corp of America (NYSE:PKG) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $2.14 by 2.8 percent. This is a 4.76 percent decrease over earnings of $2.31 per share from the same period last year. The company reported quarterly sales of $2.075 billion which beat the analyst consensus estimate of $2.025 billion by 2.48 percent. This is a 6.30 percent increase over sales of $1.952 billion the same period last year.
Packaging Corporation of America (NYSE:PKG) today reported third quarter 2024 net income of $238 million, or $2.64 per share, and net income of $239 million, or $2.65 per share, excluding special items. Third quarter net sales were $2.2 billion in 2024 and $1.9 billion in 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended September 30 2024 2023 Change Reported Diluted EPS $ 2.64 $ 2.03 $ 0.61 Special Items Expense 0.01 0.02 (0.01) Diluted EPS excluding Special items (1) $ 2.65 $ 2.05 $ 0.60
Packaging Corporation of America (NYSE:PKG) will hold a conference call on Wednesday, October 23, 2024 at 9:00 a.m. Eastern Time to discuss third quarter 2024 results. The conference call leader will be Mark Kowlzan. Third quarter earnings results will be released after the market closes on Tuesday, October 22, 2024. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10184918/fb352f9a34. Once you have registered, you will receive your dial-in number. When dialing in the day of the call, please ask to join the Packaging Corporation of America earnings call. If you prefer not to pre-register, you may dial in the day of the cal
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 quarterly dividend of $1.25 per share will be paid to shareholders of record as of September 16, 2024 with a payment date of October 15, 2024. Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination by PCA's Board of Directors. PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. PCA operates eight paper mills and 86 corrugated products plants and related facilities. View sourc
4 - PACKAGING CORP OF AMERICA (0000075677) (Issuer)
4 - PACKAGING CORP OF AMERICA (0000075677) (Issuer)
4/A - PACKAGING CORP OF AMERICA (0000075677) (Issuer)
SC 13G/A - PACKAGING CORP OF AMERICA (0000075677) (Subject)
SC 13G/A - PACKAGING CORP OF AMERICA (0000075677) (Subject)
SC 13G/A - PACKAGING CORP OF AMERICA (0000075677) (Subject)
Wells Fargo upgraded Packaging Corp from Equal Weight to Overweight and set a new price target of $191.00 from $187.00 previously
Exane BNP Paribas downgraded Packaging Corp from Outperform to Neutral and set a new price target of $182.00
BofA Securities upgraded Packaging Corp from Neutral to Buy and set a new price target of $202.00 from $172.00 previously
4 - PACKAGING CORP OF AMERICA (0000075677) (Issuer)
Packaging Corporation of America (NYSE:PKG) today reported third quarter 2024 net income of $238 million, or $2.64 per share, and net income of $239 million, or $2.65 per share, excluding special items. Third quarter net sales were $2.2 billion in 2024 and $1.9 billion in 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended September 30 2024 2023 Change Reported Diluted EPS $ 2.64 $ 2.03 $ 0.61 Special Items Expense 0.01 0.02 (0.01) Diluted EPS excluding Special items (1) $ 2.65 $ 2.05 $ 0.60
Packaging Corporation of America (NYSE:PKG) will hold a conference call on Wednesday, October 23, 2024 at 9:00 a.m. Eastern Time to discuss third quarter 2024 results. The conference call leader will be Mark Kowlzan. Third quarter earnings results will be released after the market closes on Tuesday, October 22, 2024. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10184918/fb352f9a34. Once you have registered, you will receive your dial-in number. When dialing in the day of the call, please ask to join the Packaging Corporation of America earnings call. If you prefer not to pre-register, you may dial in the day of the cal
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 quarterly dividend of $1.25 per share will be paid to shareholders of record as of September 16, 2024 with a payment date of October 15, 2024. Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination by PCA's Board of Directors. PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. PCA operates eight paper mills and 86 corrugated products plants and related facilities. View sourc
10-Q - PACKAGING CORP OF AMERICA (0000075677) (Filer)
10-Q - PACKAGING CORP OF AMERICA (0000075677) (Filer)
8-K - PACKAGING CORP OF AMERICA (0000075677) (Filer)