Packaging Co. of America (NYSE:PKG) – Equities researchers at Truist Securities increased their Q4 2022 earnings estimates for Packaging Co. of America in a research report issued to clients and investors on Wednesday, January 12th. Truist Securities analyst M. Roxland now expects that the industrial products company will post earnings per share of $1.95 for the quarter, up from their previous estimate of $1.93. Truist Securities currently has a “Hold” rating and a $131.00 target price on the stock.
Packaging Co. of America (NYSE:PKG) last issued its earnings results on Sunday, October 24th. The industrial products company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.35. Packaging Co. of America had a return on equity of 22.26% and a net margin of 10.11%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year.
Shares of PKG stock opened at $137.31 on Friday. The company has a market capitalization of $13.04 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.83 and a beta of 0.91. The business’s 50 day moving average is $133.61 and its two-hundred day moving average is $138.37. The company has a current ratio of 2.31, a quick ratio of 1.78 and a debt-to-equity ratio of 0.69. Packaging Co. of America has a 12-month low of $124.78 and a 12-month high of $156.54.
The company also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Monday, December 20th were given a $1.00 dividend. The ex-dividend date was Friday, December 17th. This represents a $4.00 annualized dividend and a dividend yield of 2.91%. Packaging Co. of America’s dividend payout ratio (DPR) is presently 50.96%.
Large investors have recently bought and sold shares of the stock. Avondale Wealth Management acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at approximately $26,000. SouthState Corp acquired a new stake in shares of Packaging Co. of America in the third quarter valued at approximately $29,000. Penserra Capital Management LLC increased its holdings in shares of Packaging Co. of America by 29.1% in the second quarter. Penserra Capital Management LLC now owns 306 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 69 shares during the last quarter. Arlington Partners LLC acquired a new stake in shares of Packaging Co. of America in the third quarter valued at approximately $53,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Packaging Co. of America in the third quarter valued at approximately $58,000. 89.05% of the stock is owned by hedge funds and other institutional investors.
About Packaging Co. of America
Packaging Corp. 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.
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