MeadWestvaco Corp. (MWV) Announces Quarterly Earnings, Misses Expectations By $0.02 EPS
MeadWestvaco Corp. (NYSE:MWV) issued its quarterly earnings data on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.02, Analyst Ratings Network reports. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion.
In other MeadWestvaco Corp. news, Director Douglas S. Luke sold 1,489 shares of MeadWestvaco Corp. stock on the open market in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $38.93, for a total value of $57,966.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.80.
MeadWestvaco Corp. (NYSE:MWV) opened at 38.77 on Tuesday. MeadWestvaco Corp. has a 52-week low of $27.93 and a 52-week high of $38.57. The stock has a 50-day moving average of $36.89 and a 200-day moving average of $35.86. The company has a market cap of $6.883 billion and a price-to-earnings ratio of 45.94.
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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