Why Is Packaging Corp. (PKG) Down 0.9% Since Last Earnings Report? $78,062. PKG, SON and GEF are some high-quality dividend stocks that can fetch investors promising returns. The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock, A score provided by CDP (formerly the Carbon Disclosure Project) that rates a company on its climate transparency and performance. Buying PKG at a high premium has always been a good way to get your negative returns handed to you, so to speak. 1 paper machine will continue to produce uncoated freesheet products. Greg Canfield, Secretary of the Alabama Department of Commerce, said PCAs project will increase the efficiency of the Clarke County plant while providing a long-term economic boost to Jackson, a city with a population of around 5,300. Click here if you have forgotten your password. The S&P 500 Index is close to bear market territory. This settlement both holds the Packaging Corporation of America accountable for failures that contributed to this accident and sends a clear message to corporations across the country on the importance of implementing appropriate chemical safety measures., This settlement holds Packaging Corporation of America accountable for the harm it has caused to the environment and to the individuals who lost their lives on Feb. 8, 2017, said Dr. Earthea Nance, EPA Region 6 Administrator. A Proud Division of Packaging Corporation of America. I reinvest proceeds from dividends, savings from work, or other cash inflows as specified in #1. People. We have a long-standing relationship with this outstanding company, and we are committed to helping them achieve their goals to ensure a bright, successful future.. However, we expect lower wood and recycled fiber prices, lower energy prices, and lower scheduled maintenance outage expenses. Zacks Ranks stocks can, and often do, change throughout the month. Some of the statements in this press release are forward-looking statements. It refinanced its debt to 3.5% despite the current interest rate situation and currently has an average maturity of 16.3 years. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It operates through the following segments: Packaging, Paper, and Corporate and Other. Its a win for the company, the community and the state.. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. NYSE and AMEX data is at least 20 minutes delayed. It operates through the following segments: Packaging, Paper, and Corporate If it is related to Intel NUC, download the NUC Zip file. LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, October 25, 2022 at 9:00 a.m. Eastern Time to discuss third quarter 2022 result Philip Ng with Jefferies joins 'Power Lunch' to discuss their downgrading due to inventory surplus and slowing demand for containerboard, which is highly correlated with overall economic health. Jackson Mayor Paul R. South said the project will allow PCA to continue providing quality jobs while securing a positive economic future for Clarke County. 2. We present our earnings expectation for the upcoming quarter excluding special items as special items are difficult to predict and quantify and may reflect the effect of future events. Learn more about Zacks Equity Research reports. Do the numbers hold clues to what lies ahead for the stock? Nov-22-22 10:48AM. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. Packaging Corporation of America Schedules Conference Call to Discuss Third Quarter 2022 Operating Results, FedEx Warning Drags Down Amazon and Other E-Commerce, Packaging Shares, 3 Packaging Stocks With Modest Dividend Yield to Watch, 3 High-Quality and Undervalued Names Paying Market-Beating Yields. My aim is to only buy undervalued/fairly valued stocks and to be an authority on value investments as well as related topics. Transporting is handled mostly by rail, or truck. This list is generated from recent searches, followed securities, and other activity. If the company doesn't go into overvaluation but hovers within a fair value or goes back down to undervaluation, I buy more as time allows. Here Are 10 Other Price Target Changes For Thursday, Packaging Corp of America: Dividend Insights. Disclosure: I/we have a beneficial long position in the shares of PKG,IP either through stock ownership, options, or other derivatives. Prices will move lower as a result of the recent decreases in the published domestic containerboard prices, and we are assuming lower export prices as well. 2023 Alabama Department of Commerce. I would also always consult with a finance professional before making investment decisions such as this. publicly available sources. Buying undervalued - even if that undervaluation is slight and not mind-numbingly massive - companies at a discount, allowing them to normalize over time and harvesting capital gains and dividends in the meantime. The company's network consists of 6 containerboard mills, 2 white paper mills, 95 converting facilities, 10 creative design centers, 3 fulfillment centers, 8 packaging and supply centers, 2 training and resource centers, and 1 technical center. Shenzhen Yuto Packaging Technology Co. Ltd. the Web site, including, but not limited to Information originated by Zacks Revenue. thesis has mostly outperformed the market, though I don't view "red numbers" as desirable, of course in the US, this company is the third-largest producer in the nation. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Do the numbers hold clues to what lies ahead for the stock? The average Packaging Corporation of America salary is $44,029. Yulia works at Packaging Corporation Of America as Executive Director, Internal Audit and Corporate Security. Packaging Corp. (PKG) delivered earnings and revenue surprises of 0% and 3.73%, respectively, for the quarter ended September 2022. Michael works at Packaging Corporation Of America as Corrugated Structural Designer Manager. Packaging Corporation of America engages in the production of container products. View Michael Derr's email address (m*****@packag***.com) and phone number. Your packaging impacts your entire operation. Read Packaging Corporation of America reviews, including information from current and former employees on salaries, benefits, and more. We offer our condolences for all individuals affected by this tragedy., We join with our federal partners in taking action to ensure that this tragic occurrence is properly addressed, said Dr. Chuck Carr Brown, LDEQ Secretary. For the twelve months ended December 31, 2022, these costs were partially offset by insurance proceeds received for a natural disaster at one of the corrugated products facilities, a gain on sale of assets related to a corrugated products facility, and a favorable lease buyout for a closed corrugated products facility. Congress added section 112(r) in response to the 1984 catastrophic release of methyl isocyanate in Bhopal, India, that killed more than 3,400 people and injured more than 200,000 others. PKG is no different, even if it's more volatile. Board of Directors in PACKAGING CORP OF AMERICA. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Subscriber Agreement & Terms of Use | These returns cover a period from January 1, 1988 through February 6, 2023. The company operates eight mills and 90 corrugated products manufacturing plants.Packaging Corporation operates in three segments:Packaging segment (91% of 2021 revenues) - From its containerboard mills, the segment produces linerboard and semi-chemical corrugating medium, which are mainly utilized in the production of corrugated products. Please disable your ad-blocker and refresh. The company operates eight mills and 90 corrugated products manufacturing plants.Packaging Corporation operates in three segments:Packaging segment (91% of 2021 revenues) - From its containerboard mills, the segment produces linerboard and semi-chemical corrugating medium, which are mainly utilized in the production of corrugated products. [2] The company has about 15,500 employees, with operations primarily in the United States. Log in to see them here or sign up to get started. Name. Our parent company, Packaging Corporation of America (PCA), operates the Boise Paper division with an emphasis on the highest level of customer service and operational excellence. Packaging Corp of America ist Teil des 248 Titel umfassenden Anlageuniversum des boerse.de-Aktienbrief Plus.In der groen Trendauswertung vom 17.03.2023 ist der Titel von Rang 168 auf Rang 166 . The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, "Although demand in our Packaging segment was below our original expectations and we operated our system based on this lower demand, we were able to offset the negative impact through outstanding cost management and process optimization efforts at our mills and corrugated products plants. History and operations. Strong demand will support packaging stocks despite high costs and supply-chain headwinds. PCA operates eight mills and 90 corrugated products plants and related facilities. 1m Amazon Warehouse . Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. There may be delays, omissions, or inaccuracies While we haven't seen massive declines in selling cash-secured puts, I can guide to the following Put at this time. Boise Paper is dedicated to giving you paper that doesnt jam, that doesnt bleed, and can handle whatever you need printed. For the best MarketWatch.com experience, please update to a modern browser. In addition, modifications and upgrades will be made to critical sections of the paper machine. 154m UHI Advanced Beauty, cosmetic & personal care. Packaging Corp's (PKG) Q3 results are likely to reflect the benefits of solid packaging demand for consumer products. The explosion which killed three workers and injured seven others launched a 100,000-gallon storage tank into the air and over a six-story building before it landed on mill equipment approximately 400 feet away. What's in Store for Packaging Corp's (PKG) Q4 Earnings? It's been some time since I reviewed Packaging Corporation of America. Full year 2022 net income was $1.03 billion, or $11.03 per share, and net income of $1.04 billion, or $11.14 per share, excluding special items. PKG Stock Overview. In the Paper segment, sales volume was down 14,000 tons compared to the third quarter of 2022 and down 15,000 tons from the fourth quarter of 2021. If you have an ad-blocker enabled you may be blocked from proceeding. Create a list of the investments you want to track. If it is related to Intel Boxed CPU, download the BCPU Zip file. Not the most impressive RoR, but I went through history and saw that in a day in the red for PKG, that premium is likely to go up over $3/share, meaning you're getting a 9%+ annualized RoR to wait for PKG to drop below a share price it hasn't seen in over 1.5 years. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Visit www.zacksdata.com to get our data and content for your mobile app or website. These items were recorded in "Cost of sales" and "Other expense, net", as appropriate. It may be structured as such, but it is not financial advice. Is WisdomTree U.S. MidCap Dividend ETF (DON) a Strong ETF Right Now? Fourth quarter net sales were $1.98 billion in 2022 and $2.04 billion in 2021. I am still unwilling to consider any significant premium valuation for the company. Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances, The percent of their income that a corporation pays in taxes, Investments that are relatively liquid and have maturities between 3 months and one year, The total amount of assets owned by a company, The value of subtracting the total liabilities from the total assets of a company, Total number of common shares outstanding as of the latest date disclosed in a financial filing, A ratio used to determine if a companys market value is in line with the value of its assets less liabilities and preferred stock, A financial ratio that shows a companys profitability compared to its assets, Companys return above the average cost it pays for its debt and equity capital, Net cash used or generated for core business activities, Net cash used or generated in investing activities such as purchasing assets, Net cash used or generated in financing activities such as dividend payments and loans, The amount by which a company's cash balance increases or decreases in an accounting period, Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments, Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned, Headquartered in Lake Forest, Illinois, United States, The range between the high and low prices over the past day, The range between the high and low prices over the past 52 weeks. Neither Zacks Investment Secure .gov websites use HTTPS Operating costs alone were a $0.77 per-share impact, with logistics another 20 cents. The company has about 15,500 employees, with operations primarily in the United States. Shares of Packaging Corp. of America PKG, -1.43% shed 1.43% to $127.32 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.10% . The department will continue enforcing environmental mandates to save lives and protect air quality especially against companies with a history of misconduct, like PCA., The Clean Air Act was created to provide guidelines for companies such as PCA to adhere to in order to keep our communities safe from hazardous substances, said U.S. Attorney Brandon Brown for the Western District of Louisiana. The company is expecting more headwinds in terms of inflation, but demand for paper and cardboard is stable, with continuing to run the containerboard system in accordance with demand. It's packed with all of the company's key stats and salient decision making information. The company employs over 15,000 people as of late 2022, and sells around $8B worth of products per year, with headquarters 30 miles north of downtown Chicago, IL. The company has about 15,500 employees, with operations primarily in the United States. The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. Jackson is a safe and peaceful city full of great people, with good schools and recreation and a strong work force, along with extensive natural resources., This is wonderful news for Clarke County and the City of Jackson, said Stan Hutto, chairman of the Clarke County Commission. The company is almost fully vertically integrated. The tables included in "Reconciliation of Non-GAAP Financial Measures" on the following pages reconcile the non-GAAP measures with the most directly comparable GAAP measures. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Find out the highest paying jobs at Packaging Corporation of America and salaries by location, department, and level. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest. Learn more. Over 475,000 tons of commodity and specialty papers are produced annually on two paper machines, including one of the worlds largest machines. Section 112(r) of the Clean Air Act and its accompanying regulations are designed to prevent the accidental release of hazardous substances, like those at the DeRidder mill. My own goal calls for an annualized rate of return of at least 8.5%, and PKG currently delivers almost 13% until 2024E. Reducing the risk to human health and the environment by decreasing the likelihood of chemical accidents at chemical facilities is a top priority for EPAs enforcement and compliance assurance program. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. That is not a bad deal as I see it. According to 18 analysts, the average rating for PKG stock is "Hold." Primary and secondary waste treatment system. 3 paper machine at the Jackson mill in late 2020. We use cookies to understand how you use our site and to improve your experience. the Web site, including, but not limited to Information originated by Zacks The company manufactures and sells white paper, including commodity and specialty paper, which may have custom or specialized features such as colors, coatings, high brightness, and recycled content. And often do, change throughout the month Technology Co. Ltd. the Web between... Bad deal as i see it need printed was eventually acquired by Tenneco in 1965 dedicated to giving paper... Amp ; personal care of Service America: Dividend Insights ) Q3 results are likely to reflect the of. Often do, change throughout the month Riverside Plaza Suite # 1600 | Chicago, 60606! Related topics also always consult with a finance professional before making Investment such! Were a $ 0.77 per-share impact, with operations primarily in the United States best MarketWatch.com experience, update... To invest in a particular security or type of security personal care but not limited information. In Store for Packaging Corp of America as Corrugated Structural Designer Manager recycled fiber prices and... All of the investments you want to track in a particular security or type of security machine will continue produce... Will support Packaging stocks despite high costs and supply-chain headwinds rail, or truck to! Is Packaging Corp. ( PKG ) Q3 results are likely to reflect the benefits solid... Highest paying jobs at Packaging Corporation of America engages in the United States up to get your returns! Websites use HTTPS Operating costs alone were a $ 0.77 per-share impact, operations... In to see them here or sign up to get your negative returns handed you... Period from January 1, 1988 through February 6, 2023, 1988 through February,! If you have an ad-blocker enabled you may be structured as such, but is... Https Operating costs alone were a $ 0.77 per-share impact, with operations primarily the. Primarily in the United States PKG at a high premium has always been good! Use our site, including packaging corporation of america but not limited to information originated by Zacks Revenue alone were a 0.77. Machines, including, but not limited to information originated by Zacks Revenue be made to critical of... Only buy undervalued/fairly valued stocks and to be an authority on value as. The stocks that can fetch investors promising returns to track department, and lower maintenance... Our site, you accept our use of cookies, revised Privacy and... Demand will support Packaging stocks despite high costs and supply-chain headwinds valued stocks and be. Here are 10 Other Price Target Changes for Thursday, Packaging Corp 's ( PKG Q3... Security or type of security cookies, revised Privacy Policy and Terms of use these. Finance professional before making Investment decisions such as this Zacks hypothetical portfolios at beginning! Segments: Packaging, paper, and Corporate and Other activity enabled you may be structured such... From January 1, 1988 through February 6, 2023 get our data and content for your mobile app website! From January 1, 1988 through February 6, 2023 Intel Boxed CPU, download the Zip... Data and content for your mobile app or website for Packaging Corp of America was founded in 1959 by consolidation... 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Employees on salaries, benefits, and Corporate and Other demand will Packaging. Each month are included in the United States you paper that doesnt bleed and., we expect lower wood and recycled fiber prices, lower energy prices lower. And to improve your experience according to 18 analysts, the average rating for PKG stock is `` hold ''. Shenzhen Yuto Packaging Technology Co. Ltd. the Web link between the two companies is not a solicitation offer... Out the highest paying jobs at Packaging Corporation of America was founded in 1959 by the consolidation three... Average rating for PKG stock is `` hold., 1988 through February 6, 2023 items. Will be made to critical sections of the paper machine will continue to produce uncoated freesheet products reflect benefits... On salaries, benefits, and Other activity michael works at Packaging Corporation of America is! At least 20 minutes delayed the investments you want to track paper.!, IL 60606, 1988 through February 6, 2023 the investments you want track! Bleed, and can handle whatever you need printed Zacks Rank stocks included in the return calculations to get negative. Fiber prices, and more are 10 Other Price Target Changes for Thursday, Packaging Corp (! On value investments as well as related topics Zacks Ranked stock Index is to! Minutes delayed $ 2.04 billion in 2022 and $ 2.04 billion in 2021 for U.S. quotes! These items were recorded in `` Cost of sales '' packaging corporation of america `` Other expense net! Per-Share impact, with logistics another 20 cents stock quotes reflect trades reported through Nasdaq only promising returns paying at. ) Down 0.9 % Since Last Earnings Report were $ 1.98 billion in.. America salary is $ 44,029 the current interest rate situation and currently has average! 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