Equities research analysts predict that WestRock Co (NYSE:WRK) will report sales of $3.93 billion for the current quarter, Zacks reports. Four analysts have made estimates for WestRock’s earnings, with the lowest sales estimate coming in at $3.88 billion and the highest estimate coming in at $4.03 billion. WestRock posted sales of $3.45 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 13.9%. The company is expected to announce its next quarterly earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that WestRock will report full year sales of $3.93 billion for the current year, with estimates ranging from $16.12 billion to $16.36 billion. For the next fiscal year, analysts anticipate that the company will post sales of $16.31 billion per share, with estimates ranging from $16.10 billion to $16.65 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow WestRock.

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

A number of analysts have recently commented on the company. BMO Capital Markets lifted their target price on WestRock to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday. Deutsche Bank set a $70.00 target price on WestRock and gave the company a “buy” rating in a research note on Thursday. Stephens began coverage on WestRock in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 target price on the stock. Zacks Investment Research lowered WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, KeyCorp reaffirmed a “hold” rating on shares of WestRock in a research note on Wednesday, October 11th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $66.09.

In other WestRock news, insider Robert A. Feeser sold 29,972 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $64.35, for a total value of $665,572.05. Following the sale, the director now owns 497,557 shares of the company’s stock, valued at $32,017,792.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,788 shares of company stock worth $9,629,984. 2.68% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in WRK. Norinchukin Bank The increased its holdings in WestRock by 0.3% in the 2nd quarter. Norinchukin Bank The now owns 20,926 shares of the basic materials company’s stock valued at $1,186,000 after purchasing an additional 54 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in WestRock by 1.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,495 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 60 shares in the last quarter. Keybank National Association OH increased its holdings in WestRock by 0.5% in the 2nd quarter. Keybank National Association OH now owns 22,676 shares of the basic materials company’s stock valued at $1,285,000 after purchasing an additional 102 shares in the last quarter. Van ECK Associates Corp increased its holdings in WestRock by 1.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,139 shares of the basic materials company’s stock valued at $348,000 after purchasing an additional 108 shares in the last quarter. Finally, ETRADE Capital Management LLC increased its holdings in WestRock by 4.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 5,001 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

WestRock (WRK) traded down $1.75 on Thursday, hitting $62.55. The stock had a trading volume of 2,111,717 shares, compared to its average volume of 1,452,020. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89. WestRock has a twelve month low of $49.23 and a twelve month high of $64.87. The firm has a market capitalization of $16,330.00 and a PE ratio of 24.41.

The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were paid 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 yield of 2.75%. This is a positive change from WestRock’s previous quarterly dividend of $0.40. WestRock’s dividend payout ratio is presently 62.09%.

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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.

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Earnings History and Estimates for WestRock (NYSE:WRK)

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