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 earnings per share guidance of 2.910-2.910 for the period, compared to the consensus earnings per share estimate of 2.970. The company issued revenue guidance of -.

Packaging Corporation of America Trading Up 0.7%

Shares of PKG stock opened at $229.82 on Thursday. The firm’s 50-day simple moving average is $226.33 and its 200-day simple moving average is $222.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. Packaging Corporation of America has a 1-year low of $189.03 and a 1-year high of $249.51. The firm has a market cap of $20.48 billion, a P/E ratio of 28.29, a PEG ratio of 2.12 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. Packaging Corporation of America’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts forecast that Packaging Corporation of America will post 10.46 EPS for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a $1.50 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.6%. Packaging Corporation of America’s payout ratio is 72.99%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PKG shares. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their price objective for the company from $232.00 to $248.00 in a research report on Wednesday, May 20th. Citigroup upped their price target 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. boosted their target price on shares of 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $256.14.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of Packaging Corporation of America

A number of institutional investors have recently made changes to their positions in the business. DV Equities LLC acquired a new position in shares of Packaging Corporation of America during the 4th quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Packaging Corporation of America during the 3rd quarter worth approximately $61,000. Finally, State of Wyoming raised its holdings in Packaging Corporation of America by 58.1% in the 4th quarter. State of Wyoming now owns 294 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

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.