Packaging Corporation of America (NYSE:PKG) is expected to report second quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.28 per share.
Looking ahead, the full year income are expected at $ 5.37 per share on the revenues of $ 6639.20 million.
Previous Quarter Performance
Packaging Corporation of America reported income for the first quarter of $ 1.50 per share, from the revenue of $ 1,709.00 million. The quarterly earnings contracted 24.24 percent while revenues lowered 3.54 percent compared with the same quarter last year.
Wall street analysts are predicting, PKG to report 1Q20 income of $ 1.22 per share from revenue of $ 1662.62 million. The bottom line results beat street analysts by $ 0.28 or 22.95 percent, at the same time, top line results outshined analysts by $ 46.38 million or 2.79 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PKG was $ 103.53, representing a 45.71 % increase from the 52 week low of $ 71.05 and a 9.8 % decrease over the 52 week high of $ 114.78.
The company has a market capital of $ 9.82 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
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Recent Analyst recommendations
- On 15th June 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 93.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.79 per share on May 5, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The companys Packaging segment offers various 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. It also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
