Packaging Corp Of America (NYSE: PKG) on Friday, plunged -0.13% from the previous trading day, before settling in for the closing price of $220.40. Within the past 52 weeks, PKG’s price has moved between $143.82 and $222.98.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 2.54%. The company achieved an average annual earnings per share of 2.03%. With a float of $88.23 million, this company’s outstanding shares have now reached $89.62 million.
Let’s determine the extent of company efficiency that accounts for 14900 employees. In terms of profitability, gross margin is 20.57%, operating margin of 13.02%, and the pretax margin is 11.95%.
Packaging Corp Of America (PKG) Insider Activity
Observing investor behavior towards Packaging & Containers industry stocks is more important than anything else. The insider ownership of Packaging Corp Of America is 1.76%, while institutional ownership is 90.36%. The most recent insider transaction that took place on Jul 25 ’24, was worth 1,057,753. In this transaction EVP-Mill Ops. of this company sold 5,389 shares at a rate of $196.28, taking the stock ownership to the 25,539 shares. Before that another transaction happened on Jul 25 ’24, when Company’s SVP sold 6,000 for $196.28, making the entire transaction worth $1,177,680. This insider now owns 20,772 shares in total.
Packaging Corp Of America (PKG) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.05 earnings per share (EPS) for the period topping the consensus outlook (set at 1.93) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.41% during the next five years compared to 1.69% growth over the previous five years of trading.
Packaging Corp Of America (NYSE: PKG) Trading Performance Indicators
Packaging Corp Of America (PKG) is currently performing well based on its current performance indicators. A quick ratio of 1.71 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.49. Likewise, its price to free cash flow for the trailing twelve months is 29.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.97, a number that is poised to hit 2.49 in the next quarter and is forecasted to reach 11.04 in one year’s time.
Technical Analysis of Packaging Corp Of America (PKG)
Looking closely at Packaging Corp Of America (NYSE: PKG), its last 5-days average volume was 0.6 million, which is a jump from its year-to-date volume of 0.6 million. As of the previous 9 days, the stock’s Stochastic %D was 81.63%. Additionally, its Average True Range was 3.07.
During the past 100 days, Packaging Corp Of America’s (PKG) raw stochastic average was set at 93.90%, which indicates a significant increase from 76.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.23% in the past 14 days, which was lower than the 17.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $208.86, while its 200-day Moving Average is $187.34. However, in the short run, Packaging Corp Of America’s stock first resistance to watch stands at $221.65. Second resistance stands at $223.17. The third major resistance level sits at $224.18. If the price goes on to break the first support level at $219.12, it is likely to go to the next support level at $218.11. Should the price break the second support level, the third support level stands at $216.59.
Packaging Corp Of America (NYSE: PKG) Key Stats
Market capitalization of the company is 19.77 billion based on 89,798K outstanding shares. Right now, sales total 7,802 M and income totals 765,200 K. The company made 2,075 M in profit during its latest quarter, and 198,900 K in sales during its previous quarter.
