Packaging Co. of America (NYSE:PKG – Get Free Report) announced its earnings results on Tuesday. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.15, Yahoo Finance reports. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Packaging Co. of America had a return on equity of 18.21% and a net margin of 9.06%. Packaging Co. of America’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Packaging Co. of America updated its Q4 2024 guidance to 2.470-2.470 EPS.
Packaging Co. of America Trading Up 5.5 %
Packaging Co. of America stock opened at $228.65 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.43 and a quick ratio of 1.71. The firm’s 50 day moving average price is $210.82 and its 200-day moving average price is $193.70. Packaging Co. of America has a 1 year low of $145.02 and a 1 year high of $231.30. The stock has a market cap of $20.54 billion, a P/E ratio of 28.69, a PEG ratio of 4.33 and a beta of 0.77.
Packaging Co. of America Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, October 15th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Monday, September 16th. Packaging Co. of America’s dividend payout ratio (DPR) is currently 62.74%.
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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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