Confused? Buy or Sell in volatile market – Analyst report Packaging Co. of America (NYSE:PKG)

Earnings results for Packaging Co. of America (NYSE:PKG)

Packaging Corporation of America is expected* to report earnings on 01/27/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.42. The reported EPS for the same quarter last year was $1.71.

Packaging Co. of America last posted its quarterly earnings results on October 31st, 2020. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.16. The company earned $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. Its revenue for the quarter was down 3.3% on a year-over-year basis. Packaging Co. of America has generated $7.65 earnings per share over the last year and currently has a price-to-earnings ratio of 28.1. Packaging Co. of America has confirmed that its next quarterly earnings report will be published on Wednesday, January 27th, 2021.

Analyst Opinion on Packaging Co. of America (NYSE:PKG)

12 Wall Street analysts have issued ratings and price targets for Packaging Co. of America in the last 12 months. Their average twelve-month price target is $128.50, predicting that the stock has a possible downside of 8.11%. The high price target for PKG is $160.00 and the low price target for PKG is $98.00. There are currently 1 sell rating, 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Packaging Co. of America has received a consensus rating of Hold. The company’s average rating score is 2.17, and is based on 3 buy ratings, 8 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $128.50, Packaging Co. of America has a forecasted downside of 8.1% from its current price of $139.84. Packaging Co. of America has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Packaging Co. of America (NYSE:PKG)

Packaging Co. of America pays a meaningful dividend of 2.84%, higher than the bottom 25% of all stocks that pay dividends. Packaging Co. of America has only been increasing its dividend for 1 years. The dividend payout ratio of Packaging Co. of America is 52.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Packaging Co. of America will have a dividend payout ratio of 57.72% next year. This indicates that Packaging Co. of America will be able to sustain or increase its dividend.

Insiders buying/selling: Packaging Co. of America (NYSE:PKG)

In the past three months, Packaging Co. of America insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,194,032.00 in company stock. Only 1.60% of the stock of Packaging Co. of America is held by insiders. 88.40% of the stock of Packaging Co. of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Packaging Co. of America (NYSE:PKG

Earnings for Packaging Co. of America are expected to grow by 18.66% in the coming year, from $5.84 to $6.93 per share. The P/E ratio of Packaging Co. of America is 28.14, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.17. The P/E ratio of Packaging Co. of America is 28.14, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 40.50. Packaging Co. of America has a PEG Ratio of 4.14. PEG Ratios above 1 indicate that a company could be overvalued. Packaging Co. of America has a P/B Ratio of 4.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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