Packaging Corp (PKG) Gains on E-Commerce Demand Amid High Costs [Yahoo! Finance]
Packaging Corporation of America (PKG)
Last packaging corporation of america earnings: 4/27 05:00 pm
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packagingcorp.com
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Source: Yahoo! Finance
Stable demand for food, beverages, medication and other consumer products bodes well for the Packaging segment. However, higher labor costs and planned annual outages mills will dent its results in 2024. The fall in reported benchmark pricing that took place late in 2023, with export prices remaining relatively unchanged, will impact margins. Demand in E-Commerce to Aid Growth : Packaging Corp stands to gain from strong growth in e-commerce activities that continue to support packaging demand. The Packaging segment accounts for around 91% of the company's revenues. Packaging products are essential for distributing food, beverage and pharmaceutical products. The Packaging segment will continue to reflect stable packaging demand for meat, fruit and vegetables, processed food, beverages, medicine, and other consumer products. Solid Segmental Performance : In the first quarter of 2024, the sales volume of containerboard increased 40,000 tons from the first quarter of 2023. The com
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PKG
News
- Packaging Corporation of America Schedules Conference Call to Discuss Second Quarter 2024 Operating ResultsBusiness Wire
- Packaging Co. of America (NYSE: PKG) had its price target raised by analysts at Bank of America Co. from $197.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
- Packaging Corporation of America's (NYSE:PKG) Intrinsic Value Is Potentially 57% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Packaging Co. of America (NYSE: PKG) had its price target raised by analysts at Truist Financial Co. from $191.00 to $208.00. They now have a "buy" rating on the stock.MarketBeat
- Should You Investigate Packaging Corporation of America (NYSE:PKG) At US$184? [Yahoo! Finance]Yahoo! Finance
PKG
Earnings
- 4/22/24 - Miss
PKG
Sec Filings
- 5/30/24 - Form 11-K
- 5/30/24 - Form 11-K
- 5/17/24 - Form 3
- PKG's page on the SEC website