Packaging Corporation of America, valued at $18.6 billion, is set to announce its fourth-quarter results. Analysts predict adjusted earnings of $2.40 per share, down from $2.47 per share in the year-ago quarter. Earnings for the current year are expected to grow 9.9% to $9.93 per share. The company’s stock has declined 8.9% in the past year, underperforming the S&P 500 Index. On Dec. 3, shares rose 2.8% after declaring a quarterly dividend of $1.25 per share. Analysts hold a consensus “Moderate Buy” rating with a mean price target of $231.90, suggesting a 12.1% upside.
Read more at Barchart: Here’s What to Expect From Packaging Corporation’s Next Earnings Report
