Packaging Co. of America (NYSE:PKG – Get Free Report) posted its quarterly earnings data on Tuesday. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.15, Yahoo Finance reports. Packaging Co. of America had a return on equity of 19.35% and a net margin of 9.46%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. Packaging Co. of America’s revenue for the quarter was up 14.9% compared to the same quarter last year. Packaging Co. of America updated its Q4 2024 guidance to 2.470-2.470 EPS.
Packaging Co. of America Stock Down 0.0 %
Packaging Co. of America stock opened at $227.45 on Friday. Packaging Co. of America has a fifty-two week low of $148.50 and a fifty-two week high of $231.30. The firm has a market capitalization of $20.42 billion, a PE ratio of 28.44, a P/E/G ratio of 4.24 and a beta of 0.77. The company’s 50-day moving average is $211.45 and its 200-day moving average is $193.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.43 and a quick ratio of 1.71.
Packaging Co. of America Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, October 15th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Monday, September 16th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 62.50%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Packaging Co. of America
About Packaging Co. of America
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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