Wall Street brokerages predict that Westrock Co (NYSE:WRK) will post $0.58 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Westrock’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.60. Westrock posted earnings of $0.83 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 30.1%. The business is scheduled to issue its next earnings report on Thursday, January 30th.
According to Zacks, analysts expect that Westrock will report full-year earnings of $3.36 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.76. For the next year, analysts forecast that the firm will post earnings of $3.54 per share, with EPS estimates ranging from $3.07 to $3.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Westrock.
Westrock (NYSE:WRK) last announced its earnings results on Thursday, November 7th. The basic materials company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.05. Westrock had a net margin of 4.72% and a return on equity of 8.81%. The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis.
Several equities research analysts have recently commented on WRK shares. BNP Paribas assumed coverage on Westrock in a research note on Monday, December 2nd. They issued an “outperform” rating and a $48.00 price objective for the company. ValuEngine cut Westrock from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Zacks Investment Research downgraded Westrock from a “hold” rating to a “sell” rating and set a $39.00 price objective on the stock. in a research note on Monday, October 14th. KeyCorp reiterated a “sell” rating and set a $34.00 price objective on shares of Westrock in a research note on Thursday, November 7th. Finally, Citigroup reduced their price objective on shares of Westrock from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Westrock currently has an average rating of “Hold” and an average price target of $43.70.
Shares of Westrock stock opened at $41.23 on Wednesday. Westrock has a 1-year low of $31.94 and a 1-year high of $46.59. The company’s fifty day simple moving average is $39.03 and its 200-day simple moving average is $36.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 0.83. The stock has a market capitalization of $10.26 billion, a PE ratio of 10.36, a P/E/G ratio of 2.84 and a beta of 1.63.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 19th were issued a $0.465 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Westrock’s previous quarterly dividend of $0.38. This represents a $1.86 dividend on an annualized basis and a dividend yield of 4.51%. Westrock’s payout ratio is 46.73%.
In related news, Director John A. Luke, Jr. sold 103,015 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $38.00, for a total value of $3,914,570.00. Also, Director John A. Luke, Jr. sold 41,206 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.64, for a total transaction of $1,674,611.84. Insiders have sold a total of 353,483 shares of company stock worth $14,058,867 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Kistler Tiffany Companies LLC purchased a new stake in Westrock in the third quarter worth $25,000. Rockefeller Capital Management L.P. grew its stake in Westrock by 47.6% in the second quarter. Rockefeller Capital Management L.P. now owns 1,042 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 336 shares in the last quarter. Signaturefd LLC grew its stake in Westrock by 154.1% in the second quarter. Signaturefd LLC now owns 1,080 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 655 shares in the last quarter. Phocas Financial Corp. purchased a new position in Westrock during the 2nd quarter worth $398,000. Finally, SRS Capital Advisors Inc. purchased a new position in Westrock during the 2nd quarter worth $48,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
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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