Packaging Corporation of America (NYSE:PKG) Issues Q3 2026 Earnings Guidance

Packaging Corporation of America (NYSE:PKG) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.910-2.910 for the period, compared to the consensus estimate of 2.970. The company issued revenue guidance of -.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America raised their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Citigroup upped their price objective on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. increased their price objective on Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Finally, Truist Financial raised their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $256.14.

Packaging Corporation of America Price Performance

PKG traded down $0.84 on Wednesday, hitting $227.37. 1,514,240 shares of the company were exchanged, compared to its average volume of 890,637. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The business’s fifty day moving average is $226.14 and its 200 day moving average is $222.17. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $249.51. The firm has a market capitalization of $20.26 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, sell-side analysts anticipate that Packaging Corporation of America will post 10.46 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is 72.99%.

Insiders Place Their Bets

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PKG. FIL Ltd boosted its position in shares of Packaging Corporation of America by 19.4% in the 4th quarter. FIL Ltd now owns 2,792,936 shares of the industrial products company’s stock worth $575,987,000 after buying an additional 453,319 shares in the last quarter. Boston Partners increased its holdings in Packaging Corporation of America by 26.9% during the 3rd quarter. Boston Partners now owns 1,664,470 shares of the industrial products company’s stock valued at $362,719,000 after acquiring an additional 353,095 shares in the last quarter. AQR Capital Management LLC increased its holdings in Packaging Corporation of America by 56.4% during the 2nd quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after acquiring an additional 320,418 shares in the last quarter. Atlas FRM LLC raised its position in Packaging Corporation of America by 44.5% during the fourth quarter. Atlas FRM LLC now owns 990,000 shares of the industrial products company’s stock worth $204,168,000 after acquiring an additional 305,000 shares during the last quarter. Finally, Jain Global LLC acquired a new position in Packaging Corporation of America during the fourth quarter worth about $61,010,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.