Packaging Corporation of America (NYSE:PKG) Updates 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 Upgrades and Downgrades

A number of equities research analysts recently weighed in on PKG shares. Bank of America boosted their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted 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 report on Thursday, July 9th. Wells Fargo & Company reiterated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Finally, UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price target for the company from $232.00 to $248.00 in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $256.14.

Packaging Corporation of America Stock Up 2.7%

Packaging Corporation of America stock opened at $234.34 on Friday. The company’s 50 day simple moving average is $226.61 and its 200 day simple moving average is $222.48. 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 $20.88 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.12 and a beta of 0.80. 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 (NYSE:PKG) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate 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 7.25% and a return on equity of 18.96%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $2.48 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were issued a dividend of $1.50 per share. This is a boost 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%. The ex-dividend date was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is presently 72.99%.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

Several large investors have recently made changes to their positions in PKG. DV Equities LLC bought a new position in Packaging Corporation of America during the 4th quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of 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 buying an additional 57 shares during the period. Advisory Services Network LLC bought a new position in shares of Packaging Corporation of America during the third quarter worth about $61,000. Finally, State of Wyoming grew its holdings in shares of Packaging Corporation of America by 58.1% during the fourth quarter. State of Wyoming now owns 294 shares of the industrial products company’s stock worth $61,000 after buying an additional 108 shares in the last quarter. 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.