Westlake Chemical Partners LP (WLKP) Scheduled to Post Earnings on Wednesday
Westlake Chemical Partners LP (NYSE:WLKP) is scheduled to release its earnings data before the market opens on Wednesday, July 26th. Analysts expect Westlake Chemical Partners to post earnings of $0.41 per share for the quarter.
Westlake Chemical Partners (NYSE:WLKP) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.07. The business had revenue of $277.45 million during the quarter, compared to analyst estimates of $339.88 million. Westlake Chemical Partners had a net margin of 3.82% and a return on equity of 4.31%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts expect Westlake Chemical Partners to post $1.51 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
Westlake Chemical Partners LP (NYSE WLKP) opened at 24.50 on Wednesday. Westlake Chemical Partners LP has a 52 week low of $19.25 and a 52 week high of $26.25. The company has a market cap of $662.95 million, a price-to-earnings ratio of 17.17 and a beta of 1.24. The stock’s 50 day moving average price is $24.18 and its 200-day moving average price is $24.46.
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A number of brokerages have issued reports on WLKP. FBR & Co boosted their target price on shares of Westlake Chemical Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 12th. ValuEngine cut shares of Westlake Chemical Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 31st.
Westlake Chemical Partners Company Profile
Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen.
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