Latest news with #containerboard
Yahoo
04-07-2025
- Business
- Yahoo
Packaging Corporation of America's Quarterly Earnings Preview: What You Need to Know
Valued at $18.2 billion by market cap, Packaging Corporation of America (PKG), based in Lake Forest, Illinois, operates as a leading U.S. producer of containerboard and corrugated packaging. Operating through its Packaging and Paper segments, PKG provides essential products like shipping containers and protective packaging to industries such as food, beverages, and industrial goods. The packaging giant is expected to announce its second-quarter results after the markets close on Wednesday, Jul. 23. Ahead of the event, analysts expect PKG to deliver an adjusted earnings of $2.43 per share, up 10.5% from $2.20 per share reported in the year-ago quarter. While the company has missed the Street's bottom-line estimates once over the past four quarters, it has surpassed the expectations on three other occasions. Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Is Microsoft Stock About to Go Nuclear? Is Super Micro Computer Stock a Buy, Sell, or Hold for July 2025? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Furthermore, for the full fiscal 2025, PKG's earnings are expected to grow to $10.35 per share, up a notable 14.5% from $9.04 per share in fiscal 2024. Moreover, its earnings are expected to further grow 9.8% year-over-year to $10.35 per share in fiscal 2026. Packaging Corp. has gained 13.8% over the past 52-week period, underperforming the Consumer Discretionary Select Sector SPDR Fund's (XLY) 17.9% surge but slightly outpacing the S&P 500 Index's ($SPX) 13% gains during the same time frame. Despite reporting better-than-expected financials, PKG stock prices observed a marginal dip in the trading session after the release of its Q1 results on Apr. 22. The company's packaging sales experienced a solid boost during the quarter, leading to its net sales growing 8.2% year-over-year to $2.1 billion, surpassing the Street's expectations by a thin margin. Meanwhile, driven by a favorable pricing mix, its margins observed a significant expansion. This led to its adjusted EPS soaring 34.3% year-over-year to $2.31, exceeding the consensus estimates by 4.5%. Following the initial dip, PKG stock prices rose 2.2% in the subsequent trading session. The stock holds a consensus 'Moderate Buy' rating overall. Of the eight analysts covering the PKG stock, opinions include three 'Strong Buys' and five 'Holds.' Its mean price target of $210.22 suggests a modest 4.1% upside potential. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
02-07-2025
- Business
- Yahoo
Packaging Corp. of America to Acquire Greif's Containerboard Business for $1.8 Billion
Packaging Corp. of America (PKG) has agreed to buy the containerboard business of industrial packagi
Yahoo
01-07-2025
- Business
- Yahoo
Packaging Corp to buy Greif's containerboard business for $1.8 billion
(Reuters) -Packaging Corp of America said on Tuesday it had agreed to buy the containerboard business of peer Greif for $1.8 billion in cash. Greif's shares rose 1.6% before the bell. The transaction, expected to close by the end of third quarter, includes the takeover of Greif's two containerboard mills with about 800,000-ton production capacity and eight sheet feeder and corrugated plants located across the United States. Sign in to access your portfolio
Yahoo
21-06-2025
- Business
- Yahoo
Is Packaging Corporation of America Underperforming the Nasdaq?
Valued at $16.8 billion by market cap, Packaging Corporation of America (PKG), based in Lake Forest, Illinois, operates as a leading U.S. producer of containerboard and corrugated packaging. Operating through its Packaging and Paper segments, PKG provides essential products like shipping containers and protective packaging to industries such as food, beverages, and industrial goods. Companies worth $10 billion or more are generally described as "large-cap stocks." PKG fits right into that category, with its market cap exceeding the threshold, reflecting its substantial size and influence in the competitive industry of packaging & containers. 2 Outstanding Stocks Under $50 to Buy and Hold Now Nvidia's Bringing Sovereign AI to Germany. Should You Buy NVDA Stock Here? A $1 Billion Reason to Buy MicroStrategy Stock Here Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! PKG currently trades 25.8% below its all-time high of $250.82 recorded on Nov. 25, 2024. PKG's stock has declined 5.8% over the past three months, notably underperforming the Nasdaq Composite's ($NASX) 11.7% uptick during the same time frame. In the long term, PKG stock has declined 17.3% on a YTD basis, underperforming the Nasdaq's 1.2% increase. Moreover, shares of PKG grew marginally over the past 52 weeks, also underperforming NASX's 9.4% returns over the same period. To confirm its recent downturn, PKG has been trading below its 200-day moving average since early March and below its 50-day moving average since mid-June, with some fluctuation in recent months. Despite reporting better-than-expected financials, PKG stock prices observed a marginal dip in the trading session after the release of its Q1 results on Apr. 22. The company's packaging sales experienced a solid boost during the quarter, leading to its net sales growing 8.2% year-over-year to $2.1 billion, surpassing the Street's expectations by a thin margin. Meanwhile, driven by a favorable pricing mix, its margins observed a significant expansion. This led to its adjusted EPS soaring 34.3% year-over-year to $2.31, exceeding the consensus estimates by 4.5%. Following the initial dip, PKG stock prices rose 2.2% in the subsequent trading session. Its rival, Ball Corporation (BALL), has declined 10.3% over the past year, underperforming PKG. Among the nine analysts covering the PKG stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $210.22 suggests a 12.9% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
