$1.53 EPS Expected for Packaging Corporation of America (PKG)

April 18, 2018 - By Migdalia James

Packaging Corporation of America (NYSE:PKG) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.29, from 1.31 in 2017Q3. It fall, as 42 investors sold Packaging Corporation of America shares while 159 reduced holdings. 59 funds opened positions while 147 raised stakes. 80.05 million shares or 2.48% less from 82.08 million shares in 2017Q3 were reported.
Fuller & Thaler Asset Management has invested 0% in Packaging Corporation of America (NYSE:PKG). Wealthtrust holds 112 shares. Tiaa Cref Ltd Liability Company has invested 0.04% in Packaging Corporation of America (NYSE:PKG). Captrust Fincl Advisors stated it has 0% in Packaging Corporation of America (NYSE:PKG). Coldstream Management Inc invested in 0.04% or 2,826 shares. Canada Pension Plan Investment Board reported 247,850 shares or 0.06% of all its holdings. Ameritas Inv Prns owns 10,650 shares. Mufg Americas, a New York-based fund reported 587 shares. Cannell Peter B And Inc invested 0.4% in Packaging Corporation of America (NYSE:PKG). Cetera Advisors Ltd Llc reported 2,585 shares. Moreover, Portolan Capital Management Limited Liability has 0.13% invested in Packaging Corporation of America (NYSE:PKG). The New York-based Jane Street Grp Lc has invested 0% in Packaging Corporation of America (NYSE:PKG). Pacad Invest Limited has 700 shares. California State Teachers Retirement Sys holds 0.04% in Packaging Corporation of America (NYSE:PKG) or 152,373 shares. Camelot Portfolios Limited Liability Corporation owns 3,775 shares or 0.22% of their US portfolio.

Since October 27, 2017, it had 0 insider purchases, and 1 insider sale for $719,796 activity.

Analysts expect Packaging Corporation of America (NYSE:PKG) to report $1.53 EPS on April, 24 after the close.They anticipate $0.26 EPS change or 20.47 % from last quarter’s $1.27 EPS. PKG’s profit would be $143.22 million giving it 19.03 P/E if the $1.53 EPS is correct. After having $1.56 EPS previously, Packaging Corporation of America’s analysts see -1.92 % EPS growth. The stock increased 0.47% or $0.54 during the last trading session, reaching $116.45. About 361,792 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 25.91% since April 18, 2017 and is uptrending. It has outperformed by 14.36% the S&P500.

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Among 8 analysts covering Packaging Corp of America (NYSE:PKG), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Packaging Corp of America had 13 analyst reports since October 24, 2017 according to SRatingsIntel. The rating was maintained by Stephens with “Buy” on Wednesday, January 10. As per Monday, October 30, the company rating was maintained by Barclays Capital. KeyBanc Capital Markets maintained Packaging Corporation of America (NYSE:PKG) on Sunday, October 29 with “Hold” rating. DA Davidson upgraded the shares of PKG in report on Monday, February 12 to “Buy” rating. Citigroup maintained the shares of PKG in report on Thursday, April 5 with “Neutral” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, February 12. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, November 15. BMO Capital Markets maintained it with “Buy” rating and $130.0 target in Thursday, January 25 report. Wells Fargo upgraded the stock to “Buy” rating in Wednesday, January 31 report. Bank of America maintained the stock with “Buy” rating in Thursday, February 1 report.

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company has market cap of $10.90 billion. The companyÂ’s 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. It has a 16.47 P/E ratio. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

Packaging Corporation of America (NYSE:PKG) Institutional Positions Chart

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