Equities research analysts expect that Westrock Co (NYSE:WRK) will announce sales of $4.71 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Westrock’s earnings, with estimates ranging from $4.50 billion to $4.89 billion. Westrock reported sales of $4.02 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.2%. The firm is expected to report its next quarterly earnings results on Friday, April 26th.
On average, analysts expect that Westrock will report full year sales of $18.94 billion for the current fiscal year, with estimates ranging from $18.66 billion to $19.15 billion. For the next fiscal year, analysts anticipate that the business will post sales of $19.20 billion, with estimates ranging from $18.62 billion to $19.89 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Westrock.
Westrock (NYSE:WRK) last issued its quarterly earnings data on Thursday, January 31st. The basic materials company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.58 billion. Westrock had a return on equity of 9.12% and a net margin of 5.44%.
WRK has been the topic of a number of research analyst reports. Seaport Global Securities initiated coverage on Westrock in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $52.00 target price on the stock. Bank of America initiated coverage on Westrock in a research note on Tuesday, October 23rd. They issued a “buy” rating on the stock. Deutsche Bank set a $58.00 target price on Westrock and gave the stock a “buy” rating in a research note on Tuesday, November 6th. TheStreet downgraded Westrock from a “b-” rating to a “c” rating in a research note on Friday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Westrock in a research note on Monday, January 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $54.33.
Shares of NYSE WRK opened at $37.67 on Tuesday. Westrock has a twelve month low of $35.20 and a twelve month high of $67.96. The company has a market capitalization of $9.65 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.84.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Friday, February 15th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.82 annualized dividend and a yield of 4.83%. Westrock’s payout ratio is 44.50%.
In other news, CFO Ward H. Dickson acquired 2,645 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were acquired at an average price of $37.94 per share, for a total transaction of $100,351.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert A. Feeser sold 67,755 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $46.91, for a total value of $3,178,387.05. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Capital World Investors lifted its position in shares of Westrock by 3.9% during the third quarter. Capital World Investors now owns 25,380,354 shares of the basic materials company’s stock worth $1,356,326,000 after acquiring an additional 949,500 shares in the last quarter. BlackRock Inc. lifted its position in shares of Westrock by 12.3% during the fourth quarter. BlackRock Inc. now owns 22,410,471 shares of the basic materials company’s stock worth $846,221,000 after acquiring an additional 2,445,795 shares in the last quarter. LSV Asset Management lifted its position in shares of Westrock by 333.2% during the fourth quarter. LSV Asset Management now owns 5,851,396 shares of the basic materials company’s stock worth $220,948,000 after acquiring an additional 4,500,770 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Westrock by 19.2% during the third quarter. American Century Companies Inc. now owns 5,726,585 shares of the basic materials company’s stock worth $306,029,000 after acquiring an additional 920,521 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Westrock by 4,262.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,767,164 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 3,680,813 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
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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