PKG - Packaging Corporation of America

NYSE - Nasdaq Real Time Price. Currency in USD
110.86
-1.26 (-1.12%)
As of 11:33AM EST. Market open.
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Previous Close112.12
Open111.91
Bid110.67 x 900
Ask110.77 x 900
Day's Range110.36 - 112.11
52 Week Range77.90 - 114.78
Volume181,193
Avg. Volume702,221
Market Cap10.494B
Beta (3Y Monthly)1.70
PE Ratio (TTM)13.74
EPS (TTM)8.07
Earnings DateJan 27, 2020 - Jan 31, 2020
Forward Dividend & Yield3.16 (2.82%)
Ex-Dividend Date2019-09-12
1y Target Est105.80
  • When Should You Buy Packaging Corporation of America (NYSE:PKG)?
    Simply Wall St.

    When Should You Buy Packaging Corporation of America (NYSE:PKG)?

    Today we're going to take a look at the well-established Packaging Corporation of America (NYSE:PKG). The company's...

  • Moody's

    Packaging Corporation of America -- Moody's rates Packaging Corporation's new senior unsecured notes Baa2

    Moody's Investors Service ("Moody's") assigned a Baa2 rating to Packaging Corporation of America's ("PCA") proposed $900 million senior unsecured notes maturing in 2029 and 2049. PCA (Baa2 senior unsecured rating) benefits from its strong market position in containerboard and corrugated products, its low cost and well integrated operations that predominantly use virgin fiber, and strong credit metrics (debt/EBITDA ratio at 1.9x and interest coverage at 14x, including our standard adjustments for pension and operating leases).

  • GuruFocus.com

    International Paper Shares Rise on Earnings Beat

    Stock is up more than 2.3% Continue reading...

  • Packaging Corporation of America (NYSE:PKG) Shareholders Have Enjoyed A 57% Share Price Gain
    Simply Wall St.

    Packaging Corporation of America (NYSE:PKG) Shareholders Have Enjoyed A 57% Share Price Gain

    Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking...

  • Moody's

    Packaging Corporation of America -- Moody's announces completion of a periodic review of ratings of Packaging Corporation of America

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Packaging Corporation of America and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Thomson Reuters StreetEvents

    Edited Transcript of PKG earnings conference call or presentation 24-Oct-19 1:00pm GMT

    Q3 2019 Packaging Corp of America Earnings Call

  • Packaging Corp (PKG) Q3 Earnings Beat Estimates, Sales Miss
    Zacks

    Packaging Corp (PKG) Q3 Earnings Beat Estimates, Sales Miss

    Packaging Corporation (PKG) Q3 earnings beat the Zacks Consensus Estimate but was lower than the year-ago quarter due to higher costs and lower volume in the Paper and Packaging segments.

  • Packaging Corp. (PKG) Beats Q3 Earnings Estimates
    Zacks

    Packaging Corp. (PKG) Beats Q3 Earnings Estimates

    Packaging Corp. (PKG) delivered earnings and revenue surprises of 1.05% and -0.44%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Packaging Corporation of America Reports Third Quarter 2019 Results

    Packaging Corporation of America today reported third quarter 2019 net income of $180 million, or $1.89 per share, and net income of $182 million, or $1.92 per share, excluding special items.

  • Packaging Corporation Of America (PKG): Are Hedge Funds Right About This Stock?
    Insider Monkey

    Packaging Corporation Of America (PKG): Are Hedge Funds Right About This Stock?

    There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]

  • What's in the Offing for Packaging Corp's (PKG) Q3 Earnings?
    Zacks

    What's in the Offing for Packaging Corp's (PKG) Q3 Earnings?

    Packaging Corp's (PKG) Q3 performance likely to reflect gains from seasonally higher containerboard and corrugated product shipments, and low effective tax rate, muted by low prices and high costs.

  • Analysts Estimate Packaging Corp. (PKG) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Packaging Corp. (PKG) to Report a Decline in Earnings: What to Look Out for

    Packaging Corp. (PKG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Packaging Corporation of America (NYSE:PKG) Delivered A Better ROE Than Its Industry
    Simply Wall St.

    Packaging Corporation of America (NYSE:PKG) Delivered A Better ROE Than Its Industry

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • We're A Little Worried About ParcelPal Technology's (CNSX:PKG) Cash Burn Rate
    Simply Wall St.

    We're A Little Worried About ParcelPal Technology's (CNSX:PKG) Cash Burn Rate

    We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

  • Containers - Paper & Packaging Industry Outlook Bright
    Zacks

    Containers - Paper & Packaging Industry Outlook Bright

    Containers - Paper & Packaging Industry Outlook Bright

  • Do You Like Packaging Corporation of America (NYSE:PKG) At This P/E Ratio?
    Simply Wall St.

    Do You Like Packaging Corporation of America (NYSE:PKG) At This P/E Ratio?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...

  • Be Sure To Check Out Packaging Corporation of America (NYSE:PKG) Before It Goes Ex-Dividend
    Simply Wall St.

    Be Sure To Check Out Packaging Corporation of America (NYSE:PKG) Before It Goes Ex-Dividend

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • Are Investors Undervaluing Packaging Corporation of America (NYSE:PKG) By 24%?
    Simply Wall St.

    Are Investors Undervaluing Packaging Corporation of America (NYSE:PKG) By 24%?

    Does the August share price for Packaging Corporation of America (NYSE:PKG) reflect what it's really worth? Today, we...

  • Packaging Corp. (PKG) Down 0.9% Since Last Earnings Report: Can It Rebound?
    Zacks

    Packaging Corp. (PKG) Down 0.9% Since Last Earnings Report: Can It Rebound?

    Packaging Corp. (PKG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Does Packaging of America (NYSE:PKG) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Packaging of America (NYSE:PKG) Have A Healthy Balance Sheet?

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • How Does ParcelPal Technology Inc. (CNSX:PKG) Affect Your Portfolio Volatility?
    Simply Wall St.

    How Does ParcelPal Technology Inc. (CNSX:PKG) Affect Your Portfolio Volatility?

    If you're interested in ParcelPal Technology Inc. (CNSX:PKG), then you might want to consider its beta (a measure of...

  • Response to Sealed Air’s Q2 (Almost) Makes SEE Stock a Top Bet
    InvestorPlace

    Response to Sealed Air’s Q2 (Almost) Makes SEE Stock a Top Bet

    Sealed Air (NYSE:SEE) is never going to be pegged as a high-growth name. The current SEE stock price, near $44, although well up from December's low, is also well below the mid-2015 high near $56. The long-term downtrend is intact to be sure.Source: Shutterstock Sealed Air stock has done what most other stocks have been unable to do over the course of the past couple of trading days though. That is, overcome a market-wide bearish tide in response to last quarter's results. * 10 Generation Z Stocks to Buy Long One or two good days doesn't make a trend. But, all trends start out with one or two good days. If nothing else, the strength SEE stock has demonstrated of late, and the technical context behind it, suggests this name could be a good place to shield yourself from the latest wave of global economic turbulence.InvestorPlace - Stock Market News, Stock Advice & Trading Tips SEE Stock Price Soars on EarningsA new batch of tariffs on Chinese-made goods got the blame, and undoubtedly the added costs they'll impose on consumers and corporations will further stymie the economy. The broad market was due for a setback anyway, up 27% from December's low. Traders were just waiting for the right catalyst, already dragging the market lower before the announcement was made.SEE stock wasn't immune to that weakness either, peeling back from technical resistance early last week in front of Friday morning's second quarter report.Right on cue, a healthy Q2 print spurred a 7.7% bounce on Friday to test another recently-developed technical ceiling. Earnings of 80 cents per share of Sealed Air stock versus expectations of only 64 cents incited immediate buying, bolstered by an improved outlook. Full-year earnings guidance of between $2.65 and $2.75 was lifted to a range of between $2.70 and 2.80 per share. Sealed Air stock was down modestly on Monday, though the SEE stock price remains within reach of another breakout thrust that could pull it out of a multi-week lull.The persistent strength is a breath of fresh air, though suspicious given the backdrop. There's a double-barreled logic to the bullishness that suggests Sealed Air is a top name to own here and now. Two Reasons Sealed Air is ImmuneSealed Air makes packaging solutions, ranging from bubble wrap to fresh meat trays to IV bags. It competes directly and indirectly with the likes of Packaging Corp of America (NYSE:PKG) and Ball Corporation (NYSE:BLL), and while it's not a terribly crowded arena, it's a slow-growth business. Not counting its impending acquisition of Automated Packaging Systems, This year's top line is expected to only grow around 2%. Next year's projected revenue growth is on the order of 4%.SEE is a business that could prove something of a safe-haven in the coming months for a couple of key reasons.One of those reasons is the stability of the packaging business itself.The tariff war to date has primarily targeted technology, materials and foods. Sealed Air has a hand in some affected industries, but doesn't rely heavily on them. And, to the extent it does count on certain business focuses remaining robust, its role as a packager is largely unaffected by price changes for what's inside the package. It would take an outright recession to meaningfully impact Sealed Air's business.Second, it's not terribly reliant on China and other Asian countries for revenue. North America alone made up just under 60% of last quarter's total business, while its Asia and Pacific arm only made up less than 15% of its revenue in Q2. Automated Packaging Systems derives three-fourths of its revenue from North American customers, which will keep it primarily a domestic business.A more self-sufficient business environment with the United States actually plays into the hand Sealed Air is holding. What Next for Sealed Air Stock? Click to EnlargeThe unusual bullish argument may hold water in light of the unusual market circumstances, though that means little until and unless traders have good reason to expect more upside. And so far, they don't.That could change rather readily.In the very near term, the line in the sand is around $44.50, where SEE stock peaked in July as well as on Friday and Monday. A break above that level could be seen as more convincing proof of a breakout move, and inspire some new bulls that are still on the sidelines. Click to EnlargeBeyond that, the technical ceiling that has been guiding Sealed Air shares lower since 2015 has yet to be breached. It's at $46 right now. If the SEE stock price can punch through that resistance, look for investors and the financial media to start throwing around the rhetoric that sounds a whole lot like the bullish thesis just now laid out.In the absence of that technical progress, Sealed Air stock remains mostly a question mark despite its underappreciated resilience.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post Response to Sealed Air's Q2 (Almost) Makes SEE Stock a Top Bet appeared first on InvestorPlace.