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PKG Packaging of America News Story

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Packaging Corp of America reports results for the quarter ended June 30 - Earnings Summary

Packaging Corp of America PKG.N reported quarterly adjusted earnings of $2.48​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.20.  The mean expectation of eight analysts for the quarter was for earnings of $2.44 per share. Wall Street expected results to range from $2.41  to $2.50 per share.

Revenue rose 4.6% to $2.17 billion from a year ago; analysts expected $2.19 billion.

Packaging Corp of America's reported EPS for the quarter was $2.67​.

The company reported quarterly net income of $239.9 million.

Packaging Corp of America shares had risen by 9.5% this quarter and lost 8.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the paper packaging peer group is  "buy."

Wall Street's median 12-month price target for Packaging Corp of America is $205.00, about 0.6% below its last closing price of $206.32

This summary was machine generated from LSEG data July 24 at 03:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20252.442.48Beat
Mar. 31 20252.212.31Beat
Dec. 31 20242.532.47Missed
Sep. 30 20242.502.65Beat

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