PKG
Packaging Corp.: Q2 Earnings Snapshot
Article Summary
HOLD- Packaging Corp. of America (NYSE: PKG) reported Q2 net income of $192.1 million, with earnings adjusted for non-recurring costs and restructuring costs of $2.35 per share, beating expectations by $0.15 on a per-share basis.
- The maker of containerboard and corrugated packaging products posted revenue of $ 2.49 billion, also beating expectations, with revenue growth of 6.7% year-over-year.
- Analysts had expected earnings of $1.95 per share and revenue of 2.4 billion, while Packaging Corp Of America beat both forecasts.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.9% | 25% | 35.0 ptsBelow Screener (7.9%) - Weak growth |
| EPS Growth Next 5Y ? | 11.4% | 25% | 35.0 ptsBelow Screener (11.4%) - Modest outlook |
| Target Price Upside ? | 11.7% | 20% | 50.0 ptsMeets Minimum (11.7%) - Target: $255.00 vs Current: $228.19 |
| Gross Margin % ? | 20.5% | 15% | 40.0 ptsModerate (20.5%) - Adequate margins |
| Drawdown from 52-Wk High ? | -8.5% | 15% | 20.0 ptsBarely a Dip (-8.5%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PKG
- Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America.
- The company operates through Packaging and Paper segments.
- The Packaging segment offers various linerboard 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.
- This segment sells its corrugated products through a direct sales and marketing organization.
- The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers; and white papers.
- This segment sells papers through its sales and marketing organization.
- Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.