The Packaging Corp Of America (PKG) Earning Somewhat Favorable Media Coverage, Study Finds

The Packaging Corp Of America (PKG) Earning Somewhat Favorable Media Coverage, Study Finds

Here are some of the media headlines that may have impacted AlphaOne’s rankings:

News headlines about Packaging Corp Of America (NYSE:PKG) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Packaging Corp Of America earned a news sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave press coverage about the industrial products company an impact score of 40 out of 100, indicating that recent press coverage is unlikely to have an effect on the stock’s share price in the next few days.

Shares of Packaging Corp Of America (PKG) opened at 104.20 on Monday. The company has a market cap of $9.74 billion, a PE ratio of 21.26 and a beta of 1.84. The firm’s 50-day moving average price is $99.37 and its 200 day moving average price is $92.25. Packaging Corp Of America has a 12 month low of $62.41 and a 12 month high of $104.88. Packaging Corp Of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. Packaging Corp Of America had a net margin of 7.64% and a return on equity of 26.05%. Packaging Corp Of America’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS. Equities research analysts anticipate that Packaging Corp Of America will post $5.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.42%. Packaging Corp Of America’s dividend payout ratio (DPR) is presently 53.05%. Several equities research analysts have commented on PKG shares. Barclays PLC dropped their target price on Packaging Corp Of America from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, May 1st. Citigroup Inc upped their price target on Packaging Corp Of America from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, April 14th. Jefferies Group LLC reissued a “buy” rating and set a $107.00 price target on shares of Packaging Corp Of America in a research note on Wednesday, April 12th. ValuEngine raised Packaging Corp Of America from a “hold” rating to a “buy” rating in a research note on Friday. Finally, BMO Capital Markets reissued a “buy” rating and set a $104.00 price target (up from $100.00) on shares of Packaging Corp Of America in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $95.17.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.42%. Packaging Corp Of America’s dividend payout ratio (DPR) is presently 53.05%. Packaging Corp Of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PKG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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