Packaging Co. of America (NYSE:PKG – Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.09, Briefing.com reports. Packaging Co. of America had a net margin of 9.25% and a return on equity of 18.94%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company earned $2.20 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year.
Packaging Co. of America Stock Performance
NYSE:PKG opened at $172.87 on Thursday. Packaging Co. of America has a twelve month low of $122.20 and a twelve month high of $191.27. The company has a current ratio of 2.57, a quick ratio of 1.77 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $181.56 and a 200-day moving average of $168.02. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 4.15 and a beta of 0.78.
Packaging Co. of America Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $1.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.89%. Packaging Co. of America’s dividend payout ratio (DPR) is 62.50%.
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Analyst Ratings Changes
PKG has been the topic of a number of analyst reports. Seaport Res Ptn cut shares of Packaging Co. of America from a “buy” rating to a “neutral” rating in a report on Monday, January 29th. Wells Fargo & Company raised shares of Packaging Co. of America from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $187.00 to $191.00 in a research note on Wednesday. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Citigroup raised their target price on shares of Packaging Co. of America from $172.00 to $183.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Truist Financial raised their target price on shares of Packaging Co. of America from $170.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Packaging Co. of America has a consensus rating of “Hold” and a consensus price target of $173.86.
Check Out Our Latest Analysis on PKG
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.
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