Equities analysts forecast that WestRock Co (NYSE:WRK) will post earnings per share of $0.76 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for WestRock’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.73. WestRock posted earnings of $0.47 per share in the same quarter last year, which would suggest a positive year over year growth rate of 61.7%. The business is expected to issue its next earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that WestRock will report full-year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.55 to $4.00. For the next fiscal year, analysts forecast that the firm will post earnings of $4.19 per share, with EPS estimates ranging from $3.91 to $4.50. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow WestRock.

WestRock (NYSE:WRK) last issued its earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS.

A number of equities analysts have recently issued reports on WRK shares. Deutsche Bank reissued a “buy” rating and set a $65.00 target price (up from $61.00) on shares of WestRock in a research note on Monday, October 9th. Barclays increased their target price on WestRock from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, November 6th. DA Davidson reissued a “buy” rating and set a $74.00 target price on shares of WestRock in a research note on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and set a $65.00 target price on shares of WestRock in a research note on Monday, September 25th. Finally, Zacks Investment Research downgraded WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.09.

WestRock (NYSE:WRK) opened at $64.42 on Tuesday. The stock has a market capitalization of $16,440.00 and a P/E ratio of 24.59. WestRock has a one year low of $49.23 and a one year high of $64.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.89 and a current ratio of 1.49.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.67%. This is a boost from WestRock’s previous quarterly dividend of $0.40. WestRock’s dividend payout ratio is currently 62.09%.

In related news, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $57.37, for a total value of $593,377.91. Following the sale, the director now owns 497,557 shares in the company, valued at approximately $28,544,845.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert A. Feeser sold 29,972 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $60.00, for a total value of $1,798,320.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,445 shares of company stock worth $8,964,412. Insiders own 2.68% of the company’s stock.

A number of large investors have recently made changes to their positions in WRK. Mckinley Capital Management LLC Delaware acquired a new stake in WestRock during the 2nd quarter valued at $100,000. Sun Life Financial INC grew its holdings in WestRock by 26,114.3% during the 2nd quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock valued at $104,000 after buying an additional 1,828 shares during the last quarter. Invictus RG acquired a new stake in WestRock during the 3rd quarter valued at $108,000. Old Mutual Global Investors UK Ltd. acquired a new stake in WestRock during the 3rd quarter valued at $130,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in WestRock by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock valued at $144,000 after buying an additional 509 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “WestRock Co (WRK) Expected to Post Earnings of $0.76 Per Share” was published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/12/westrock-co-wrk-expected-to-post-earnings-of-0-76-per-share.html.

WestRock Company Profile

WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.

Get a free copy of the Zacks research report on WestRock (WRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for WestRock (NYSE:WRK)

Receive News & Ratings for WestRock Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock Co and related companies with MarketBeat.com's FREE daily email newsletter.