Earnings is just around the corner for Packaging Corporation of America (NYSE:PKG) as the firm is slated to issue their report on 10/19/2016 4:30:00 PM. The firm has most recently posted quarter over quarter growth of 5.80% and sales growth of -2.50% quarter over quarter.
In terms of the trend lines, Packaging Corporation of America (NYSE:PKG) shares are currently -0.97% off of their 52-week high and 90.08% off from the 52-week low point. The stock is 26.03% from the 200-day moving average and 4.18% from the 50-day average. The Relative Strength Index for the stock stands at 56.58.
Increased volatility should be expected heading into and immediately after the Packaging Corporation of America (NYSE:PKG) earnings report. According to the most recent data, the average true range stands at 1.82 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 1.83% and 2.07% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 0.79.
So is there any potential upside for the stock if Packaging Corporation of America is able to meet or beat earnings? Analysts, on a consensus basis have a $82.43 on the stock, compared to a recent bid of $82.08. The average broker recommendation yields a score of 2.30, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 1.00% shares are held by company insiders. On the institutional front, 90.60% of Packaging Corporation of America (NYSE:PKG) are owned by firms or funds. Over the past few months, insider transactions have trended -1.72% while institutions saw a change of 0.09% in company stock.
Year to date, Packaging Corporation of America (NYSE:PKG) holders have seen returns of 32.43%. Over the past month the stock moved 3.46% and most recently shares over the past five trading days have moved 0.41%.