Packaging Co. of America (NYSE:PKG – Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.15, Yahoo Finance reports. The business had revenue of $2.18 billion during 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%. Packaging Co. of America’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter 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 Stock Performance
Shares of PKG stock traded down $1.14 during trading hours on Thursday, reaching $227.51. 729,434 shares of the company’s stock were exchanged, compared to its average volume of 473,058. Packaging Co. of America has a fifty-two week low of $147.25 and a fifty-two week high of $231.30. 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 capitalization of $20.43 billion, a P/E ratio of 26.52, a P/E/G ratio of 4.24 and a beta of 0.77. The business has a fifty day moving average price of $210.82 and a 200-day moving average price of $193.70.
Packaging Co. of America Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, October 15th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, September 16th. Packaging Co. of America’s dividend payout ratio (DPR) is currently 58.28%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Packaging Co. of America
Packaging Co. of America Company Profile
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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