Westlake Chemical (WLK) to Release Quarterly Earnings on Monday
Westlake Chemical (NYSE:WLK) will announce its earnings results on Monday, May 5th. Investors interested in listening to the company’s conference call can do so using this link.
Westlake Chemical (NYSE:WLK) last announced its earnings results on Thursday, February 20th. The company reported $2.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.13 by $0.41. The company had revenue of $951.63 million for the quarter, compared to the consensus estimate of $913.80 million. On average, analysts expect Westlake Chemical to post $5.19 EPS for the current fiscal year and $5.43 EPS for the next fiscal year.
Shares of Westlake Chemical (NYSE:WLK) opened at 70.86 on Friday. Westlake Chemical has a one year low of $39.31 and a one year high of $73.38. The stock’s 50-day moving average is $66.22 and its 200-day moving average is $61.17. The company has a market cap of $9.448 billion and a price-to-earnings ratio of 15.67.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Westlake Chemical from $67.50 to $75.00 in a research note on Tuesday, April 15th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Susquehanna cut their price target on shares of Westlake Chemical from $145.00 to $72.00 in a research note on Tuesday, April 15th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Westlake Chemical from a “neutral” rating to an “overweight” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $96.03.
Westlake Chemical Corporation is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated building products.
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