Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. 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. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication-based papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
IPO Year: 2000
Exchange: NYSE
Website: packagingcorp.com
| 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 |
| 9/16/2022 | $130.00 → $112.00 | Hold → Underperform | Jefferies |
| 2/17/2022 | $127.00 → $154.00 | Sell → Neutral | UBS |
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
Packaging Corporation of America (NYSE:PKG) today reported second quarter 2024 net income of $199 million, or $2.21 per share, and net income of $199 million, or $2.20 per share, excluding special items. Second quarter net sales were $2.1 billion in 2024 and $2.0 billion in 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended June 30 2024 2023 Change Reported Diluted EPS (1) $ 2.21 $ 2.24 $ (0.04) Special
Packaging Corporation of America (NYSE:PKG) will hold a conference call on Wednesday, July 24, 2024 at 9:00 a.m. Eastern Time to discuss second quarter 2024 results. The conference call leader will be Mark Kowlzan. Second quarter earnings results will be released after the market closes on Tuesday, July 23, 2024. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10184912/fb348a7e90. 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 call
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 June 14, 2024 with a payment date of July 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 source versio
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 $1.72 per share, excluding special items. First quarter net sales were $2.0 billion in 2024 and 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended March 31 2024 2023 Change Reported Diluted EPS $ 1.63 $ 2.11 $ (0.48 ) Special Items Expense (1) 0.09 0.09
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. The conference call leader will be Mark Kowlzan. First quarter earnings results will be released after the market closes on Monday, April 22, 2024. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10184911/fb33520f25. 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 call usi
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 March 15, 2024 with a payment date of April 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 source vers
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 $2.13 per share, excluding special items. Fourth quarter net sales were $1.94 billion in 2023 and $1.98 billion in 2022. Full year 2023 net income was $765 million, or $8.48 per share, and net income of $784 million, or $8.70 per share, excluding special items. Full year net sales were $7.8 billion in 2023 and $8.5 billion in 2022. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended Full Year Ended
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
Packaging Corporation of America (NYSE:PKG) today reported second quarter 2024 net income of $199 million, or $2.21 per share, and net income of $199 million, or $2.20 per share, excluding special items. Second quarter net sales were $2.1 billion in 2024 and $2.0 billion in 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended June 30 2024 2023 Change Reported Diluted EPS (1) $ 2.21 $ 2.24 $ (0.04) Special
Packaging Corporation of America (NYSE:PKG) will hold a conference call on Wednesday, July 24, 2024 at 9:00 a.m. Eastern Time to discuss second quarter 2024 results. The conference call leader will be Mark Kowlzan. Second quarter earnings results will be released after the market closes on Tuesday, July 23, 2024. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10184912/fb348a7e90. 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 call
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 June 14, 2024 with a payment date of July 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 source versio
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 $1.72 per share, excluding special items. First quarter net sales were $2.0 billion in 2024 and 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended March 31 2024 2023 Change Reported Diluted EPS $ 1.63 $ 2.11 $ (0.48 ) Special Items Expense (1) 0.09 0.09
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. The conference call leader will be Mark Kowlzan. First quarter earnings results will be released after the market closes on Monday, April 22, 2024. To access the conference call, you may pre-register for the conference by navigating to https://dpregister.com/sreg/10184911/fb33520f25. 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 call usi
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 March 15, 2024 with a payment date of April 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 source vers
Packaging Corporation of America's (NYSE:PKG) Chief Executive Officer, Mark Kowlzan, will speak at Bank of America Securities' Global Agriculture and Materials Conference being held at The Conrad Fort Lauderdale Beach in Fort Lauderdale, FL on Thursday, February 29, 2024. After Mr. Kowlzan's formal presentation, he and Executive Vice President and CFO, Robert Mundy will participate in a Fireside Chat Q&A session. Immediately following, they will be hosting a series of 1 x 1 meetings. For those interested in listening to the webcast, please go to our company's website at https://packagingcorp.com, click on the "Investors" tab, and then in the drop-down menu, click "Presentations and Events
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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
Seaport Research Partners downgraded Packaging Corp from Buy to Neutral
Exane BNP Paribas resumed coverage of Packaging Corp with a rating of Outperform
Jefferies upgraded Packaging Corp from Underperform to Hold and set a new price target of $142.00 from $105.00 previously
BofA Securities downgraded Packaging Corp from Buy to Neutral and set a new price target of $139.00 from $146.00 previously
Deutsche Bank downgraded Packaging Corp from Hold to Sell and set a new price target of $104.00 from $144.00 previously
Jefferies downgraded Packaging Corp from Hold to Underperform and set a new price target of $112.00 from $130.00 previously
UBS upgraded Packaging Corp from Sell to Neutral and set a new price target of $154.00 from $127.00 previously
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.
On Tuesday, Wall Street saw a mixed session, with small-cap stocks outperforming large caps as investors anticipated key earnings reports from Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Tesla Inc. (NASDAQ:TSLA), set to be released after the close. The Russell 2000 index, as replicated by the iShares Russell 2000 ETF (NYSE:IWM), climbed 0.8%, while the tech-heavy Nasdaq 100 dipped 0.2%. This marked the ninth time in the last 10 sessions that small caps have outperformed tech stocks. The S&P 500 and the Dow Jones showed little movement. United Parcel Service Inc. (NYSE:UPS) stood out among the mega-cap stocks, plunging 14% after missing earnings and revenue estimates for the previous
The market mood turned jittery after Monday’s rebound, with index futures trading on either side of the unchanged line early Tuesday. The apprehensions reflect uncertainties regarding geopolitics, monetary policy, and the health of the reporting season ahead of earnings from AI stalwart Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and electric-vehicle giant Tesla, Inc. (NASDAQ:TSLA). The Google-parent’s earnings could be seen as a foretaste of what is to come from the rest of the AI-levered stocks. Earnings news has been mixed. The tidings on the economic front are scarce, with only a housing market report due for the day. That said, traders may choose to remain cautious ahead of some key
About 14% of the S&P 500 companies have reported their June quarter earnings and the blended earnings growth rate for the companies constituting the broader index remains healthy. The coming week will see the official start of the tech reporting season, which could potentially decide the fate of the market, which has seen a steep pullback in the recent week. The Week That Was: The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). The stock slumped about 16%, dragged by its weak third-quarter outlook and geopolitical concerns surrounding the China chip ban. Netflix, Inc.’s (NASDAQ:NFLX) guidance disappointe
Truist Securities analyst Michael Roxland maintains Packaging Corp of America (NYSE:PKG) with a Buy and raises the price target from $208 to $215.
Wells Fargo analyst Gabe Hajde maintains Packaging Corp of America (NYSE:PKG) with a Overweight and raises the price target from $191 to $194.
In the last three months, 5 analysts have published ratings on Packaging Corp of America (NYSE:PKG), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $193.4, a high est
Citigroup analyst Anthony Pettinari maintains Packaging Corp of America (NYSE:PKG) with a Neutral and raises the price target from $181 to $187.
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