Wall Street analysts predict that WestRock Co (NYSE:WRK) will announce earnings per share of $0.84 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for WestRock’s earnings. The highest EPS estimate is $0.88 and the lowest is $0.75. WestRock posted earnings per share of $0.87 in the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The firm is expected to report its next earnings results on Monday, February 4th.
On average, analysts expect that WestRock will report full year earnings of $4.71 per share for the current financial year, with EPS estimates ranging from $4.48 to $5.43. For the next fiscal year, analysts expect that the firm will post earnings of $4.87 per share, with EPS estimates ranging from $4.46 to $5.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow WestRock.
WestRock (NYSE:WRK) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.28 billion. WestRock had a net margin of 11.70% and a return on equity of 9.26%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share.
WRK has been the topic of a number of analyst reports. Wells Fargo & Co decreased their price objective on shares of WestRock from $63.00 to $53.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 9th. Barclays decreased their price objective on shares of WestRock from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 9th. ValuEngine upgraded shares of WestRock from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Goldman Sachs Group cut shares of WestRock from a “conviction-buy” rating to a “buy” rating and set a $64.00 price objective on the stock. in a research report on Wednesday, October 10th. Finally, BMO Capital Markets cut shares of WestRock from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $80.00 to $54.00 in a research report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $64.50.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of WestRock during the second quarter valued at about $171,000. Cerebellum GP LLC purchased a new position in shares of WestRock during the third quarter valued at about $182,000. Exane Asset Management purchased a new position in shares of WestRock during the second quarter valued at about $201,000. Charter Trust Co. purchased a new position in shares of WestRock during the second quarter valued at about $203,000. Finally, RFG Advisory Group LLC purchased a new position in shares of WestRock during the second quarter valued at about $209,000. Institutional investors own 85.27% of the company’s stock.
WestRock stock traded down $0.54 during mid-day trading on Friday, hitting $45.81. The company’s stock had a trading volume of 1,412,100 shares, compared to its average volume of 1,847,610. WestRock has a 12 month low of $39.21 and a 12 month high of $71.55. The company has a market capitalization of $11.92 billion, a PE ratio of 11.20, a P/E/G ratio of 0.89 and a beta of 1.58. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.49.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Friday, November 9th will be given a $0.455 dividend. This is a boost from WestRock’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, November 8th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.97%. WestRock’s payout ratio is presently 42.05%.
WestRock Company Profile
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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