Packaging Corp. of America (NYSE: PKG ) reported earnings on Jan. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Packaging Corp. of America beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins increased across the board.
Packaging Corp. of America booked revenue of $736.6 million. The eight analysts polled by S&P Capital IQ anticipated a top line of $717.9 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $654.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.61. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.62 per share. GAAP EPS of $0.63 for Q4 were 58% higher than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.6%, 310 basis points better than the prior-year quarter. Operating margin was 13.4%, 300 basis points better than the prior-year quarter. Net margin was 8.3%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $739.4 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $3.03 billion. The average EPS estimate is $2.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 178 members out of 191 rating the stock outperform, and 13 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give Packaging Corp. of America a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Packaging Corp. of America is outperform, with an average price target of $38.58.
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