Packaging Corp Of America (NYSE:PKG) Earning Somewhat Favorable Media Coverage, Analysis Finds

News headlines about Packaging Corp Of America (NYSE:PKG) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public 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 impact score of 0.24 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.9149047889227 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern’s scoring:

Packaging Corp Of America (NYSE:PKG) opened at $120.10 on Wednesday. Packaging Corp Of America has a 52 week low of $84.01 and a 52 week high of $121.11. The firm has a market cap of $11,330.00, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.41 and a beta of 1.81. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.49 and a current ratio of 2.45.

Packaging Corp Of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.01). Packaging Corp Of America had a net margin of 8.48% and a return on equity of 28.38%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. analysts expect that Packaging Corp Of America will post 5.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, December 26th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, December 22nd. Packaging Corp Of America’s dividend payout ratio (DPR) is presently 46.67%.

A number of research analysts have recently issued reports on the company. KeyCorp reissued a “hold” rating on shares of Packaging Corp Of America in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Packaging Corp Of America from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays lifted their price target on shares of Packaging Corp Of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, October 30th. Stephens assumed coverage on shares of Packaging Corp Of America in a report on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price target on the stock. Finally, Deutsche Bank reiterated a “hold” rating and set a $120.00 price target (up previously from $94.00) on shares of Packaging Corp Of America in a report on Monday, October 9th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $117.36.

In other news, SVP Charles J. Carter sold 6,150 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $117.04, for a total value of $719,796.00. Following the transaction, the senior vice president now owns 24,265 shares of the company’s stock, valued at approximately $2,839,975.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Thomas W.H. Walton sold 6,027 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $116.15, for a total transaction of $700,036.05. Following the completion of the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at approximately $3,796,943.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,177 shares of company stock worth $1,427,532. Corporate insiders own 1.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Packaging Corp Of America (NYSE:PKG)

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