Packaging Corporation of America (PKG) stock went up by 0.07% after the company announced that its Board approved a regular quarterly dividend of $1.25 per share on its common stock, indicating positive news for shareholders.
The Packaging Corporation of America (PKG) stock went up by 0.04% last night due to easing crude oil prices and a flat greenback in the overseas markets.
Packaging Corporation of America (PKG) reported third quarter net income of $183 million, or $2.03 per share, and net income of $185 million, or $2.05 per share, excluding special items. The stock went up because the company exceeded its earnings guidance for the quarter by $0.17 per share, with better demand in its Packaging and Paper segments and efficient operations.
Packaging Corporation of America (PKG) stock went up by 0.48% last night. The article explains that Ireland's Smurfit Kappa is acquiring US rival WestRock for $11 billion, creating the world's largest paper and packaging company, which has led to the increase in PKG stock.
Packaging Corporation of America (PKG) stock saw a 0.23% increase, and the article analyzes whether the stock is trading at a relatively cheap price based on its price-to-earnings ratio compared to industry peers. The article concludes that while the stock price seems justified and stable, the company's earnings growth outlook is unexciting. The article does not provide a specific reason for the stock price increase.
Packaging Corporation of America (PKG) stock rose 10.08% after higher paper demand boosted the company's sales.
Packaging Corporation of America (PKG) will hold a conference call on July 25 to discuss second quarter 2023 results, and the stock might have gone down due to anticipation or speculation about the upcoming earnings report.