Packaging Co. of America (NYSE:PKG – Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.15, Yahoo Finance reports. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.09 billion. Packaging Co. of America had a net margin of 9.46% and a return on equity of 19.35%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Packaging Co. of America updated its Q4 2024 guidance to 2.470-2.470 EPS.
Packaging Co. of America Price Performance
NYSE:PKG traded down $1.14 during mid-day trading on Thursday, reaching $227.51. 729,434 shares of the company were exchanged, compared to its average volume of 473,058. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.60. The stock has a market cap of $20.43 billion, a PE ratio of 26.52, a PEG ratio of 4.24 and a beta of 0.77. Packaging Co. of America has a 12 month low of $147.25 and a 12 month high of $231.30. The company has a fifty day moving average of $210.82 and a 200 day moving average of $193.70.
Packaging Co. of America Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, October 15th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 16th. This represents a $5.00 annualized dividend and a yield of 2.20%. Packaging Co. of America’s dividend payout ratio (DPR) is 58.28%.
Analysts Set New Price Targets
Read Our Latest Research Report on PKG
About Packaging Co. of America
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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