Research Analysts Offer Predictions for Packaging Corp Of America’s Q1 2019 Earnings (PKG)

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Packaging Corp Of America (NYSE:PKG) – Equities research analysts at Seaport Global Securities raised their Q1 2019 EPS estimates for shares of Packaging Corp Of America in a research note issued to investors on Wednesday, January 9th. Seaport Global Securities analyst M. Weintraub now expects that the industrial products company will post earnings of $1.92 per share for the quarter, up from their previous estimate of $1.90. Seaport Global Securities currently has a “Buy” rating and a $112.00 target price on the stock.

Packaging Corp Of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. Packaging Corp Of America had a net margin of 11.54% and a return on equity of 29.96%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.76 billion.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, December 31st. Argus decreased their target price on shares of Packaging Corp Of America from $130.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Barclays decreased their target price on shares of Packaging Corp Of America from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, October 29th. Deutsche Bank set a $120.00 target price on shares of Packaging Corp Of America and gave the company a “hold” rating in a research note on Monday, October 29th. Finally, KeyCorp reissued a “hold” rating on shares of Packaging Corp Of America in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $108.10.

Packaging Corp Of America stock opened at $90.87 on Thursday. Packaging Corp Of America has a 52 week low of $77.90 and a 52 week high of $131.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.76 and a quick ratio of 1.74. The company has a market capitalization of $8.14 billion, a P/E ratio of 15.09, a PEG ratio of 1.19 and a beta of 1.80.

Several large investors have recently modified their holdings of PKG. FDx Advisors Inc. raised its holdings in shares of Packaging Corp Of America by 6.3% during the 3rd quarter. FDx Advisors Inc. now owns 9,300 shares of the industrial products company’s stock valued at $1,020,000 after purchasing an additional 552 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Packaging Corp Of America by 14.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,989 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 612 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Packaging Corp Of America by 20.0% during the 3rd quarter. IFP Advisors Inc now owns 3,756 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 627 shares in the last quarter. Daiwa SB Investments Ltd. raised its holdings in Packaging Corp Of America by 9.2% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 7,860 shares of the industrial products company’s stock worth $862,000 after acquiring an additional 660 shares during the period. Finally, GHP Investment Advisors Inc. raised its holdings in Packaging Corp Of America by 1.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 40,521 shares of the industrial products company’s stock worth $4,530,000 after acquiring an additional 662 shares during the period. 86.57% of the stock is owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, December 14th. Packaging Corp Of America’s dividend payout ratio (DPR) is currently 52.49%.

Packaging Corp Of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.

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