{"id":40277,"date":"2023-07-25T12:35:07","date_gmt":"2023-07-25T16:35:07","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/this-packaging-stock-is-the-sp-500s-best-performer-heres-why-its-surging\/"},"modified":"2023-07-25T12:35:09","modified_gmt":"2023-07-25T16:35:09","slug":"this-packaging-stock-is-the-sp-500s-best-performer-heres-why-its-surging","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=40277","title":{"rendered":"This Packaging Stock Is the S&P 500’s Best Performer. Here’s Why It’s Surging."},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

\n Packaging Corp. of America
\n stock was rising after the producer of container products reported strong earnings on lower costs.<\/p>\n

\n Packaging Corp.
\n (ticker: PKG) reported second-quarter earnings of $2.31 a share after the close of trading Monday. Analysts were expecting $1.93 a share.<\/p>\n

\n

The company said during its earnings call that the profit beat was mostly due to lower operating costs and lower freight and logistics expenses.<\/p>\n

\u201cNot only did PKG post a big 2Q EPS beat but its Packaging 2Q Ebitda margins was 22.6%\u2014a remarkable showing given the current challenging environment, not to mention relative to the types of margins we expect its major competitors will be posting,\u201d Seaport Research Partners analyst Mark Weintraub wrote in a note. He rates the stock a Buy with a $165 price target.<\/p>\n

Packaging Corp. Chief Executive Mark Kowlzan said the company \u201ccontinued to operate both our Packaging and Paper segments against a challenging demand environment.\u201d It does, however, expects to see shipments per day improve from the second quarter and anticipates seasonally stronger volume in the paper segment from back-to-school shipments. Prices in the packaging and paper segments though are expected to be lower.<\/p>\n

Shares of Packaging Corp. surged 11% to $153.63 and were on pace for their largest percentage increase since March 2020. The stock was the best performer in the
\n S&P 500
\n on Tuesday.<\/p>\n

While earnings topped forecasts, revenue of $1.95 billion missed analysts\u2019 estimates of $1.99 billion, according to FactSet. <\/p>\n

Write to Angela Palumbo at angela.palumbo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Packaging Corp. of America stock was rising after the producer of container products reported strong earnings on lower costs. Packaging Corp. (ticker: PKG) reported second-quarter earnings of $2.31 a share after the close of trading Monday. Analysts were expecting $1.93 a share. The company said during its earnings call that the profit beat was mostly […]<\/p>\n","protected":false},"author":1,"featured_media":40278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-40277","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nThis Packaging Stock Is the S&P 500's Best Performer. Here's Why It's Surging. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Packaging Corp. of America stock was rising after the producer of container products reported strong earnings on lower costs. Packaging Corp. (ticker:\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=40277\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Packaging Stock Is the S&P 500's Best Performer. Here's Why It's Surging. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Packaging Corp. of America stock was rising after the producer of container products reported strong earnings on lower costs. Packaging Corp. (ticker:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=40277\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-25T16:35:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-25T16:35:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1690302908_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=40277#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=40277\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"This Packaging Stock Is the S&P 500’s Best Performer. Here’s Why It’s Surging.\",\"datePublished\":\"2023-07-25T16:35:07+00:00\",\"dateModified\":\"2023-07-25T16:35:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=40277\"},\"wordCount\":263,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=40277#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=40277\",\"url\":\"https:\/\/ifintechworld.com\/?p=40277\",\"name\":\"This Packaging Stock Is the S&P 500's Best Performer. Here's Why It's Surging. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-25T16:35:07+00:00\",\"dateModified\":\"2023-07-25T16:35:09+00:00\",\"description\":\"Packaging Corp. of America stock was rising after the producer of container products reported strong earnings on lower costs. Packaging Corp. (ticker:\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=40277#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=40277\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=40277#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This Packaging Stock Is the S&P 500’s Best Performer. Here’s Why It’s Surging.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"This Packaging Stock Is the S&P 500's Best Performer. Here's Why It's Surging. | iFintechWorld","description":"Packaging Corp. of America stock was rising after the producer of container products reported strong earnings on lower costs. Packaging Corp. (ticker:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=40277","og_locale":"en_US","og_type":"article","og_title":"This Packaging Stock Is the S&P 500's Best Performer. Here's Why It's Surging. | iFintechWorld","og_description":"Packaging Corp. of America stock was rising after the producer of container products reported strong earnings on lower costs. Packaging Corp. (ticker:","og_url":"https:\/\/ifintechworld.com\/?p=40277","og_site_name":"iFintechWorld","article_published_time":"2023-07-25T16:35:07+00:00","article_modified_time":"2023-07-25T16:35:09+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1690302908_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=40277#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=40277"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"This Packaging Stock Is the S&P 500’s Best Performer. Here’s Why It’s Surging.","datePublished":"2023-07-25T16:35:07+00:00","dateModified":"2023-07-25T16:35:09+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=40277"},"wordCount":263,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=40277#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=40277","url":"https:\/\/ifintechworld.com\/?p=40277","name":"This Packaging Stock Is the S&P 500's Best Performer. Here's Why It's Surging. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-25T16:35:07+00:00","dateModified":"2023-07-25T16:35:09+00:00","description":"Packaging Corp. of America stock was rising after the producer of container products reported strong earnings on lower costs. Packaging Corp. (ticker:","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=40277#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=40277"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=40277#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"This Packaging Stock Is the S&P 500’s Best Performer. Here’s Why It’s Surging."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/40277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40277"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/40277\/revisions"}],"predecessor-version":[{"id":40279,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/40277\/revisions\/40279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/40278"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}