On Tuesday, Packaging Corp Of America (NYSE: PKG) opened lower -0.61% from the last session, before settling in for the closing price of $227.45. Price fluctuations for PKG have ranged from $148.50 to $231.30 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 2.54%. Company’s average yearly earnings per share was noted 4.52% at the time writing. 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 21.08%, operating margin of 13.67%, and the pretax margin is 12.49%.
Packaging Corp Of America (PKG) Insider Activity
A key investor’s attitude towards the stock of the Packaging & Containers industry is another important factor to consider. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 2.13 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.83) by 0.3. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.92% 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
Check out the current performance indicators for Packaging Corp Of America (PKG). In the past quarter, the stock posted a quick ratio of 1.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.48. Likewise, its price to free cash flow for the trailing twelve months is 30.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.58, a number that is poised to hit 2.51 in the next quarter and is forecasted to reach 11.28 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 0.73 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 67.19%. Additionally, its Average True Range was 3.51.
During the past 100 days, Packaging Corp Of America’s (PKG) raw stochastic average was set at 90.51%, which indicates a significant increase from 69.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.25% in the past 14 days, which was higher than the 19.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $212.98, while its 200-day Moving Average is $189.35. However, in the short run, Packaging Corp Of America’s stock first resistance to watch stands at $227.46. Second resistance stands at $228.86. The third major resistance level sits at $229.78. If the price goes on to break the first support level at $225.14, it is likely to go to the next support level at $224.22. Should the price break the second support level, the third support level stands at $222.82.
Packaging Corp Of America (NYSE: PKG) Key Stats
There are currently 89,812K shares outstanding in the company with a market cap of 20.30 billion. Presently, the company’s annual sales total 7,802 M according to its annual income of 765,200 K. Last quarter, the company’s sales amounted to 2,182 M and its income totaled 238,100 K.
