Packaging Corp Guides Q3 Adj EPS to $2.91, Topping Views
PKG sits 17% above its 52-week low of $189.03 on elevated volume (2.1× avg).
Summary
Packaging Corp of America issued Q3 2026 adjusted EPS guidance of $2.91, a figure that likely exceeds consensus expectations and signals management confidence in near-term earnings power. This follows a Q1 where adjusted EPS rose 3.9% excluding special items, despite a 15.5% GAAP decline tied to restructuring costs. The guidance comes amid heightened activist interest—Dalton Investments and Nippon Active Value Fund recently boosted their combined stake, adding pressure for operational improvements. The $2.91 number provides a concrete benchmark for the current quarter and may force analysts to revise estimates upward.
At the time of this announcement, PKG was trading at $222.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $20.3B. The 52-week trading range was $189.03 to $249.51. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.