Rock-Tenn (RKT) Scheduled to Post Earnings on Wednesday
Rock-Tenn (NYSE:RKT) is scheduled to release its Q114 earnings data on Wednesday, January 29th. Analysts expect Rock-Tenn to post earnings of $1.78 per share and revenue of $2.41 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Rock-Tenn (NYSE:RKT) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.20. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts expect Rock-Tenn to post $8.45 EPS for the current fiscal year and $9.47 EPS for the next fiscal year.
Rock-Tenn (NYSE:RKT) opened at 97.42 on Tuesday. Rock-Tenn has a one year low of $77.09 and a one year high of $126.05. The stock’s 50-day moving average is $101.0 and its 200-day moving average is $105.6. The company has a market cap of $6.931 billion and a P/E ratio of 9.66.
A number of analysts have recently weighed in on RKT shares. Analysts at Zacks upgraded shares of Rock-Tenn from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $104.50 price target on the stock. On a related note, analysts at Ned Davis Research upgraded shares of Rock-Tenn from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th. Finally, analysts at Deutsche Bank upgraded shares of Rock-Tenn from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 16th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $119.94.
Rock-Tenn Company (NYSE:RKT) is a North America’s integrated manufacturer of corrugated and consumer packaging.
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