MeadWestvaco Corp. (MWV) Set to Announce Quarterly Earnings on Tuesday
MeadWestvaco Corp. (NYSE:MWV) is set to issue its Q313 quarterly earnings data on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $1.46 billion for the quarter. MeadWestvaco Corp. has set its Q3 guidance at above $0.39 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
MeadWestvaco Corp. (NYSE:MWV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.46 earnings per share. MeadWestvaco Corp.’s revenue was up .8% compared to the same quarter last year. On average, analysts expect MeadWestvaco Corp. to post $1.36 EPS for the current fiscal year and $2.00 EPS for the next fiscal year.
MeadWestvaco Corp. (NYSE:MWV) opened at 39.31 on Monday. MeadWestvaco Corp. has a one year low of $27.93 and a one year high of $38.57. The stock’s 50-day moving average is $36.89 and its 200-day moving average is $35.86. The company has a market cap of $6.979 billion and a price-to-earnings ratio of 46.35.
A number of research firms have recently commented on MWV. Analysts at RBC Capital raised their price target on shares of MeadWestvaco Corp. from $30.00 to $36.00 in a research note to investors on Thursday, August 1st. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of MeadWestvaco Corp. in a research note to investors on Wednesday, July 31st. They now have a $38.00 price target on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. MeadWestvaco Corp. currently has an average rating of “Hold” and a consensus price target of $37.80.
In other MeadWestvaco Corp. news, Director Douglas S. Luke sold 1,489 shares of MeadWestvaco Corp. stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $38.93, for a total transaction of $57,966.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
MeadWestvaco Corporation (NYSE:MWV) is a global packaging company providing solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries.
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