Packaging Corporation of America (NYSE:PKG) Releases Earnings Results, Beats Estimates By $0.04 EPS

Packaging Corporation of America (NYSE:PKG) posted its quarterly earnings results on Wednesday. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04, Zacks reports. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm posted $2.48 EPS. Packaging Corporation of America’s revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America updated its Q3 2026 guidance to 2.910-2.910 EPS.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $227.37 on Thursday. The stock has a 50 day moving average of $226.33 and a 200 day moving average of $222.32. The company has a market capitalization of $20.26 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 2.12 and a beta of 0.80. 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.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change 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 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is 72.99%.

Analyst Ratings Changes

PKG has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Citigroup raised their price target on shares of 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. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Wells Fargo & Company restated an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $246.00 to $269.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus price target of $256.14.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Packaging Corporation of America

Several institutional investors have recently added to or reduced their stakes in PKG. FIL Ltd grew its holdings in Packaging Corporation of America by 19.4% during the fourth quarter. FIL Ltd now owns 2,792,936 shares of the industrial products company’s stock valued at $575,987,000 after purchasing an additional 453,319 shares during the period. Boston Partners raised its stake in shares of Packaging Corporation of America by 26.9% in the third quarter. Boston Partners now owns 1,664,470 shares of the industrial products company’s stock valued at $362,719,000 after buying an additional 353,095 shares during the period. AQR Capital Management LLC raised its stake in shares of Packaging Corporation of America by 56.4% in the second quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after buying an additional 320,418 shares during the period. Atlas FRM LLC lifted its position in shares of Packaging Corporation of America by 44.5% during the 4th quarter. Atlas FRM LLC now owns 990,000 shares of the industrial products company’s stock valued at $204,168,000 after buying an additional 305,000 shares during the last quarter. Finally, Jain Global LLC purchased a new position in shares of Packaging Corporation of America during the 4th quarter valued at $61,010,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

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.