Packaging Corp Of America (NYSE:PKG) price boost assisted the company to lift its fiscal Q4 earnings by 54% however the company warned it projects to incur higher operating outlays in the Q1.
The corrugated box maker also estimates present quarter earnings of 56 cents per share while analysts polled by Thomson Reuters project 62 cents per share.
Packaging Corp announced that fourth-quarter shipments of corrugated products moved up 5.8% per workday from previous year. The company posted a profit of $61 million or 63 cents per share, high from $39.5 million or 40 cents per share in previous year.
Its competitors include International Paper Company (NYSE:IP) that slipped -0.12% to $41.85 with the total traded volume of 479,846.00 shares and Rock-Tenn Company (NYSE:RKT) that dropped -0.98% to $74.07 with the total traded volume of 64,140.00 shares.
Other Consumer Goods stocks with bullish trend include Pitney Bowes Inc (NYSE:PBI) up 0.29% to $11.77, Crocs, Inc (NASDAQ:CROX) up 1.89% to $14.54 and Tyson Foods, Inc (NYSE:TSN) up 0.55% to $21.97, whereas with bearish trend include The Coca-Cola Company (NYSE:KO) down -1.06% to $37.30, Sanofi SA (ADR) (NYSE:SNY) down -0.34% to $47.57 and General Motors Company (NYSE:GM) down -1.50% to $28.85.
Packaging Corp Of America (NYSE:PKG) stock in current session held volume of 673,228.00 shares as compare to its average volume of 727,896.00 shares. The stock after opening at $38.77 hit high price of $39.25 and then trading at $38.73 by scoring -3.22%.
As the revenue measures PKG generated revenue of 2.76 billion in the following twelve months income of $142.25 million. The Company showed a positive 5.15% in the net profit margin and in addition to in its operating margin which remained 14.33%. Company’s annual sales growth for the past five year was 3.68%.
The stock showed weekly upbeat performance of +2.99% which was maintained for the month at +7.32%. Likewise the positive performance for the quarter was recorded as +11.14% and for the year was +58.68% while the YTD performance remained at +4.03%.
The PKG past twelve months price to sales ratio was 1.42 and price to cash ratio remained 27.89. As far as the returns are concern, the PKG return on equity was recorded as 14.87% and increased 7.19% return on investment while its return on asset stayed at 6.07%.
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