Friday, January 21, 2022

What to Watch When Packaging Corporation of America [PKG] Reports Quarterly Earnings

Earnings from Packaging Corporation of America [PKG] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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PKG Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $1.46 per share on revenue of $1.71B. Taking a look at the future, the company is projected to report revenue of $1.73B at an earnings per share of $1.69 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 1.90% in revenue and 9.53% in earnings per share for the company.

PKG Stock Earnings Forecast For The Current Year


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For the full financial year, Packaging Corporation of America [NYSE:PKG] is forecasted to generate revenue of $7.04B. The figure is about $380.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $6.91 in 2021, which is $1.13 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 19.60% this year, 9.60% next year, and 12.04% annually over the next five years. With regard to sales, forecasts suggest an incline of 5.80% in current fiscal year and 1.90% over following year.

PKG Stock Price Performance

At a last check today, Packaging Corporation of America [NYSE:PKG] finished up 0.11% at $142.48. The stock’s day high price was $142.69, and its lowest was $140.69. Its price rose 1.40% in the last five days. Since the beginning of the year, Packaging Corporation of America’s shares are up nearly 3.20%. However, the share price is -3.82% below its one year high. The top price reached by the shares of the company was $148.14 on 01/12/21, while the 52-week low came on 03/22/21, when the shares were $127.06. In the past year, shares of the company have risen 65.23%. At 50 days, the moving average achieved is $136.17 while at 200 days, the moving average is $123.48. There were 83550.0 shares traded in the last session, up from 4990.0 in the previous session.

Packaging Corporation of America [NYSE:PKG] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 29.37, Packaging Corporation of America [PKG] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 16.41 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.01 PS value ratio is reported for the last one year of reported earnings. This is above the average return 0.91 for the industry, which means PKG offers an unattractive investment opportunity than its competitors do.

PKG Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 142.75 level, and the violation of this level will cause a further drop to 141.12 level. At the upper end, 145.12 remains a key resistance. As the stock increases, it may find resistance at 143.90. In the 14-day chart, the Relative Strength Index standing at 62.50 suggests a technical neutral stance while the MACD standing at 2.15 indicates price will increase in the next trading period. Stochastic %K at 83.53% suggests selling the stock while Percent R indicator at 13.28% suggests bullish price movement.

How much is the short interest in Packaging Corporation of America?

There have been a drop in short interest in the Packaging Corporation of America Financial stock, with short interest up by 30000.0 shares to 1.33 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 1.36 million shares. This -2.26% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.90% of the overall float in the stock, while the stock’s days to cover moved to 2.07.

How do analysts view Packaging Corporation of America?

In regard to the share price forecast for Packaging Corporation of America stock, the analysts, as surveyed by FactSet, forecast the price to reach $139.00 in the next twelve months, representing almost an -2.5% growth from its recent price of $142.48. Among Packaging Corporation of America stock projections, $146.00 is the highest analyst target for the stock, while $112.00 is the lowest. Despite this, 14 analysts who share their consensus rating for PKG in 2021 agree that the stock is a Hold. The latest rating change took place on 4/19/21, when Deutsche Bank Ratings launched coverage of the stock at “Hold” and assigned a price target of $135.0.

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