On January 24, 2023, Packaging Corporation of America (NYSE: PKG) opened at $130.66, lower -1.53% from the last session. During the day, the shares moved up to $131.205 and dropped to $128.86 before settling in for the closing price of $132.05. Price fluctuations for PKG have ranged from $110.56 to $168.50 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 6.00%. Company’s average yearly earnings per share was noted 82.30% at the time writing. With a float of $91.05 million, this company’s outstanding shares have now reached $92.80 million.
Let’s determine the extent of company efficiency that accounts for 15200 employees. In terms of profitability, gross margin is +24.23, operating margin of +16.60, and the pretax margin is +14.34.
Packaging Corporation of America (PKG) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Packaging & Containers industry is another important factor to consider. The insider ownership of Packaging Corporation of America is 1.00%, while institutional ownership is 97.50%. The most recent insider transaction that took place on Jun 06, was worth 2,212,107. In this transaction EVP & CFO of this company sold 13,800 shares at a rate of $160.30, taking the stock ownership to the 38,799 shares. Before that another transaction happened on May 25, when Company’s Director bought 500 for $153.21, making the entire transaction worth $76,604. This insider now owns 2,725 shares in total.
Packaging Corporation of America (PKG) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $2.83 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.81) by $0.02. This company achieved a net margin of +10.80 while generating a return on equity of 24.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 82.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.64% during the next five years compared to 13.20% growth over the previous five years of trading.
Packaging Corporation of America (NYSE: PKG) Trading Performance Indicators
Check out the current performance indicators for Packaging Corporation of America (PKG). In the past quarter, the stock posted a quick ratio of 2.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.38. Likewise, its price to free cash flow for the trailing twelve months is 11.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.98, a number that is poised to hit 2.23 in the next quarter and is forecasted to reach 9.40 in one year’s time.
Technical Analysis of Packaging Corporation of America (PKG)
Looking closely at Packaging Corporation of America (NYSE: PKG), its last 5-days average volume was 0.62 million, which is a jump from its year-to-date volume of 0.58 million. As of the previous 9 days, the stock’s Stochastic %D was 41.30%. Additionally, its Average True Range was 2.78.
During the past 100 days, Packaging Corporation of America’s (PKG) raw stochastic average was set at 59.57%, which indicates a significant increase from 26.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.13% in the past 14 days, which was lower than the 32.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $131.81, while its 200-day Moving Average is $137.49. However, in the short run, Packaging Corporation of America’s stock first resistance to watch stands at $131.20. Second resistance stands at $132.38. The third major resistance level sits at $133.55. If the price goes on to break the first support level at $128.86, it is likely to go to the next support level at $127.69. Now, if the price goes above the second support level, the third support stands at $126.51.
Packaging Corporation of America (NYSE: PKG) Key Stats
There are currently 92,534K shares outstanding in the company with a market cap of 11.79 billion. Presently, the company’s annual sales total 7,730 M according to its annual income of 841,100 K. Last quarter, the company’s sales amounted to 2,126 M and its income totaled 262,500 K.