WestRock Co (NYSE:WRK) – Research analysts at DA Davidson increased their Q4 2019 earnings per share estimates for shares of WestRock in a research note issued on Monday, November 5th. DA Davidson analyst S. Chercover now expects that the basic materials company will post earnings per share of $1.62 for the quarter, up from their prior estimate of $1.36.
WestRock (NYSE:WRK) last posted its earnings results on Monday, November 5th. The basic materials company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.28 billion. WestRock had a net margin of 11.70% and a return on equity of 9.26%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS.
A number of other analysts also recently issued reports on WRK. TheStreet downgraded shares of WestRock from a “b-” rating to a “c” rating in a research report on Friday, October 26th. ValuEngine raised shares of WestRock from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Citigroup dropped their target price on shares of WestRock from $75.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. Deutsche Bank set a $58.00 target price on shares of WestRock and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barclays dropped their target price on shares of WestRock from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $64.50.
WRK opened at $45.81 on Thursday. The company has a market cap of $11.94 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.58. WestRock has a 1 year low of $39.21 and a 1 year high of $71.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Friday, November 9th will be given a $0.455 dividend. This is an increase from WestRock’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, November 8th. This represents a $1.82 annualized dividend and a yield of 3.97%. WestRock’s dividend payout ratio (DPR) is 42.05%.
Large investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new stake in WestRock in the second quarter valued at approximately $171,000. Cerebellum GP LLC acquired a new stake in WestRock in the third quarter valued at approximately $182,000. Exane Asset Management acquired a new stake in WestRock in the second quarter valued at approximately $201,000. Charter Trust Co. acquired a new stake in shares of WestRock during the second quarter worth approximately $203,000. Finally, RFG Advisory Group LLC acquired a new stake in shares of WestRock during the second quarter worth approximately $209,000. 85.27% of the stock is owned by institutional investors.
WestRock Company Profile
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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