PKG News and Press, Packaging Corporation of America From 04/25/22

Packaging press release (NYSE:PKG): Q1 Non-GAAP EPS of $2.72 beats by $0.20. Revenue of $2.14B (+18.2% Y/Y) beats by $90M. Shares +1.7%. For further details see: Packaging Non-GAAP EPS of $2.72 beats by $0.20, revenue of $2.14B beats by $90M

Packaging Corporation of America (NYSE: PKG) today reported first quarter 2022 net income of $254 million, or $2.70 per share, and net income of $256 million, or $2.72 per share, excluding special items. First quarter net sales were $2.1 billion in 2022 and $1.8 billion in 2021. Rep...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

Domestic containerboard prices are flat in April per the latest update from Fastmarkets RISI’s Pulp & Paper Week. Bank of America said the lack of a rate hike was a bit surprising as the majority of the firm's converter contacts suggested that they were being invoiced for $70 per t...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

Packaging Corporation of America has seen a bit of a bumpy ride financially in recent years, but performance as of late has been encouraging. The company is fundamentally robust right now, with strong cash flows and low debt. Shares also look attractively priced and might offer so...

Bank of America called Graphic Packaging Holdings (GPK +0.9%) its top pick in the containerboard sector and also posted a two-notch upgrade on Greif (GEF +4.5%) straight to Buy from Underperform. The firm said the paperboard cycle continues to see price inflation and the economy has exhi...

Sonoco Products Company has performed well as of late, driven by strong market conditions and recent M&A activity by management. The forecast for 2022 implies continued strength in this market and suggests that shares are undervalued. On the whole, this makes for an interestin...

Packaging Corporation of America (NYSE: PKG) will hold a conference call on Tuesday, April 26, 2022 at 9:00 a.m. Eastern Time to discuss first quarter 2022 results. First quarter earnings results will be released after the market closes on Monday, April 25, 2022. To access the confe...

Shares of Packaging Corporation of America (NYSE:PKG) traded at a new 52-week high today of $157.50. So far today approximately 190,000 shares have been exchanged, as compared to an average 30-day volume of 707,000 shares. Potential upside of 0.6% exists for Packaging Corporation of Amer...