Packaging Corp Of America (NYSE:PKG) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.52 for the period, compared to the Thomson Reuters consensus estimate of $1.57.
Packaging Corp Of America (NYSE:PKG) traded down $0.04 during mid-day trading on Wednesday, reaching $115.99. 707,929 shares of the company’s stock traded hands, compared to its average volume of 883,617. The stock has a market cap of $11,009.76, a PE ratio of 16.41, a P/E/G ratio of 1.85 and a beta of 1.84. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.45 and a quick ratio of 1.49. Packaging Corp Of America has a 12-month low of $88.47 and a 12-month high of $131.13.
Packaging Corp Of America (NYSE:PKG) last released its earnings results on Tuesday, January 30th. The industrial products company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.05. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Packaging Corp Of America had a net margin of 10.37% and a return on equity of 30.48%. Packaging Corp Of America’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. equities analysts anticipate that Packaging Corp Of America will post 7.56 earnings per share for the current year.
A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Packaging Corp Of America from a hold rating to a buy rating in a report on Sunday, December 31st. BMO Capital Markets reiterated a buy rating and issued a $130.00 price objective on shares of Packaging Corp Of America in a report on Thursday, January 25th. Stephens set a $136.00 price objective on shares of Packaging Corp Of America and gave the stock a buy rating in a report on Wednesday, January 10th. Bank of America boosted their price objective on shares of Packaging Corp Of America from $134.00 to $138.00 and gave the stock a buy rating in a report on Thursday, February 1st. Finally, DA Davidson upgraded shares of Packaging Corp Of America from a neutral rating to a buy rating in a report on Monday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $128.00.
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Packaging Corp Of America Company Profile
Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.
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