Packaging Corp. of America (NYSE:PKG) has experienced a series of notable events, starting with stock acquisitions by various companies such as
Edgestream Partners L.P., Oppenheimer & Co. Inc., and
Inceptionr LLC. The firm reaffirmed its dividend at
$1.25. PKG recently implemented leadership changes, including the naming of a new president. Despite a downturn in shares after the last earnings report, shareholders have enjoyed a
22% CAGR over the previous five years. Amid emerging reviews and ratings, PKG reported a
5% sales increase in Q2 2024 and announced excellent Q4 2024 earnings characterized by
record sales and strategic initiatives. Earnings per share (EPS) for Q4 2024, however, fell short of estimates. Despite some share sales by outfits like
Mutual of America Capital Management LLC, and
Victory Capital Management Inc., PKG's stock still enjoys a moderate buy rating. The firm, which seems to be thriving amid e-commerce growth, enjoys a positive outlook following strategic leadership changes and the initiation of growth measures. Earlier, CFO
Robert Mundy announced his decision to step down. PKG is now gearing up to report Q4 earnings and maintains a regular dividend at $1.25.
Packaging Corp of America PKG News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sat, 08 Mar 2025 12:02:44 GMT -
Rating 2
- Innovation -6
- Information 8
- Rumor -3
