Packaging Corporation of America (NYSE:PKG) Announces Earnings Results

Packaging Corporation of America (NYSE:PKG) announced its quarterly earnings results on Wednesday. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04, Zacks reports. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.Packaging Corporation of America’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 earnings per share. Packaging Corporation of America updated its Q3 2026 guidance to 2.910-2.910 EPS.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $236.40 on Friday. The company has a 50-day moving average price of $226.61 and a 200 day moving average price of $222.48. Packaging Corporation of America has a 12-month low of $189.03 and a 12-month high of $249.51. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The stock has a market cap of $21.06 billion, a P/E ratio of 30.38, a PEG ratio of 2.12 and a beta of 0.80.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 72.99%.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently made changes to their positions in PKG. Pacer Advisors Inc. lifted its position in shares of Packaging Corporation of America by 7.1% during the fourth quarter. Pacer Advisors Inc. now owns 7,638 shares of the industrial products company’s stock worth $1,575,000 after purchasing an additional 508 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Packaging Corporation of America by 201.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 202,886 shares of the industrial products company’s stock worth $41,842,000 after acquiring an additional 135,650 shares in the last quarter. Compound Planning Inc. boosted its holdings in Packaging Corporation of America by 48.3% in the fourth quarter. Compound Planning Inc. now owns 2,556 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 833 shares during the period. Invesco Ltd. increased its holdings in Packaging Corporation of America by 7.1% during the 4th quarter. Invesco Ltd. now owns 1,079,532 shares of the industrial products company’s stock worth $222,632,000 after purchasing an additional 71,373 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in shares of Packaging Corporation of America by 35.6% in the 4th quarter. Corient Private Wealth LLC now owns 113,444 shares of the industrial products company’s stock valued at $23,396,000 after buying an additional 29,771 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PKG shares. Bank of America upped their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Citigroup raised their target price on Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Finally, Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.14.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.