MeadWestvaco Corp. (MWV) Set to Announce Quarterly Earnings on Wednesday
MeadWestvaco Corp. (NYSE:MWV) will issue its Q114 quarterly earnings data on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $1.36 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
MeadWestvaco Corp. (NYSE:MWV) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.05. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $0.07 earnings per share. MeadWestvaco Corp.’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect MeadWestvaco Corp. to post $1.81 EPS for the current fiscal year and $2.14 EPS for the next fiscal year.
MeadWestvaco Corp. (NYSE:MWV) opened at 37.87 on Tuesday. MeadWestvaco Corp. has a one year low of $33.38 and a one year high of $39.38. The stock’s 50-day moving average is $37.58 and its 200-day moving average is $36.41. The company has a market cap of $6.611 billion and a price-to-earnings ratio of 8.17.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.64%.
On the ratings front, analysts at Zacks upgraded shares of MeadWestvaco Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, February 21st. They now have a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. MeadWestvaco Corp. presently has an average rating of “Hold” and an average price target of $37.50.
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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