Previous Close | 179.29 |
Open | 169.70 |
Bid | 169.11 x 1300 |
Ask | 171.39 x 1100 |
Day's Range | 169.00 - 173.84 |
52 Week Range | 122.20 - 191.27 |
Volume | |
Avg. Volume | 699,040 |
Market Cap | 15.337B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 20.15 |
EPS (TTM) | 8.48 |
Earnings Date | Apr 23, 2024 |
Forward Dividend & Yield | 5.00 (2.79%) |
Ex-Dividend Date | Mar 14, 2024 |
1y Target Est | 183.86 |
Packaging Corp's (PKG) Q1 top line reflects higher volume in both segments, offset by lower price and mix.
Insights into PKG's Financial Performance and Future Outlook
Packaging Corp of America beat Wall Street estimates for quarterly revenue on Monday, boosted by higher prices, improved production and a recovery in demand for its corrugated packaging products. However, sales volumes are starting to grow again this year as production and shipments improve, with European paper packaging giant Smurfit Kappa in February saying the worst of the demand slump appeared to be over. Packaging Corp of America, which supplies packaging for a variety of industries including food and beverages, retail trade and chemical products, said its packaging segment saw shipments per day rise 11%, with corrugated products shipments seeing a 9.2% jump.