Industrial Packaging Stocks Q2 Recap: Benchmarking Packaging Corporation of America (NYSE:PKG) [Yahoo! Finance]
Packaging Corporation of America (PKG)
Last packaging corporation of america earnings: 4/27 05:00 pm
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US:NYSE Investor Relations:
packagingcorp.com
Company Research
Source: Yahoo! Finance
Industrial packaging companies have built competitive advantages from economies of scale that lead to advantaged purchasing and capital investments that are difficult and expensive to replicate. Recently, eco-friendly packaging and conservation are driving customers preferences and innovation. For example, plastic is not as desirable a material as it once was. Despite being integral to consumer goods ranging from beer to toothpaste to laundry detergent, these companies are still at the whim of the macro, especially consumer health and consumer willingness to spend. The 9 industrial packaging stocks we track reported a satisfactory Q2. As a group, revenues missed analysts' consensus estimates by 0.7% while next quarter's revenue guidance was 2.3% below. The Fed cut its policy rate by 50bps (half a percent) in September 2024, the first in roughly four years. This marks the end of its most pointed inflation-busting campaign since the 1980s. While CPI (inflation) readings have been s
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PKG
News
- Optimism for Packaging Corporation of America (NYSE:PKG) has grown this past week, despite five-year decline in earnings [Yahoo! Finance]Yahoo! Finance
- Packaging Co. of America (NYSE: PKG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Packaging Corporation of America Schedules Conference Call to Discuss Third Quarter 2024 Operating ResultsBusiness Wire
- Packaging Co. of America (NYSE: PKG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Packaging Corporation of America (NYSE:PKG) Has Announced A Dividend Of $1.25 [Yahoo! Finance]Yahoo! Finance
PKG
Earnings
- 7/23/24 - Beat
PKG
Sec Filings
- 8/8/24 - Form 10-Q
- 7/29/24 - Form 4
- 7/29/24 - Form 4
- PKG's page on the SEC website