Equities analysts forecast that WestRock Co (NYSE:WRK) will report sales of $3.98 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for WestRock’s earnings. The lowest sales estimate is $3.88 billion and the highest is $4.05 billion. WestRock reported sales of $3.45 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, January 31st.
On average, analysts expect that WestRock will report full-year sales of $3.98 billion for the current year, with estimates ranging from $16.31 billion to $16.58 billion. For the next year, analysts forecast that the company will report sales of $16.42 billion per share, with estimates ranging from $16.10 billion to $16.68 billion. Zacks’ sales averages are an average based on a survey of analysts that follow WestRock.
WestRock (NYSE:WRK) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. WestRock’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share.
A number of brokerages recently issued reports on WRK. Stephens set a $72.00 price target on WestRock and gave the company a “hold” rating in a report on Wednesday, January 10th. Deutsche Bank set a $70.00 price objective on shares of WestRock and gave the stock a “buy” rating in a research note on Thursday, December 14th. BMO Capital Markets boosted their price objective on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Barclays reissued a “hold” rating on shares of WestRock in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $67.09.
Shares of WestRock (NYSE:WRK) traded up $0.58 during midday trading on Wednesday, hitting $69.27. The company had a trading volume of 1,461,614 shares, compared to its average volume of 1,834,836. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $17,650.00 and a price-to-earnings ratio of 25.01. WestRock has a 12-month low of $49.23 and a 12-month high of $69.97.
In other news, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $60.70, for a total transaction of $627,820.10. Following the transaction, the director now directly owns 497,557 shares of the company’s stock, valued at $30,201,709.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert A. Feeser sold 29,972 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $60.00, for a total value of $1,798,320.00. The disclosure for this sale can be found here. Insiders sold 141,102 shares of company stock valued at $8,578,618 in the last three months. 2.20% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of WestRock during the second quarter worth $100,000. Sun Life Financial INC increased its position in shares of WestRock by 26,114.3% during the second quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 1,828 shares in the last quarter. Invictus RG acquired a new position in shares of WestRock during the third quarter worth $108,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of WestRock during the third quarter worth $130,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of WestRock by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 509 shares in the last quarter. 87.73% of the stock is currently owned by institutional investors and hedge funds.
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WestRock Company Profile
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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