Analysts Expect Westrock Co (WRK) to Post $1.06 EPS

Wall Street brokerages predict that Westrock Co (NYSE:WRK) will post $1.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Westrock’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.09. Westrock reported earnings of $1.09 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.8%. The company is expected to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Westrock will report full year earnings of $3.95 per share for the current financial year, with EPS estimates ranging from $3.49 to $4.26. For the next year, analysts expect that the company will report earnings of $3.83 per share, with EPS estimates ranging from $3.26 to $4.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Westrock.

Westrock (NYSE:WRK) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.17. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Westrock had a return on equity of 9.03% and a net margin of 4.89%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share.

Several equities research analysts recently weighed in on the company. KeyCorp restated a “hold” rating on shares of Westrock in a research note on Wednesday, May 1st. Deutsche Bank cut Westrock from a “buy” rating to a “hold” rating and decreased their target price for the stock from $51.00 to $42.00 in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Westrock presently has a consensus rating of “Hold” and a consensus price target of $49.88.

WRK stock traded up $0.08 during trading on Friday, hitting $37.23. 1,420,973 shares of the company’s stock were exchanged, compared to its average volume of 2,609,434. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 2.08 and a beta of 1.59. Westrock has a 52-week low of $35.20 and a 52-week high of $62.80. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.80.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, May 9th. Westrock’s payout ratio is 44.50%.

In other news, Director Currey M. Russell purchased 5,000 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were bought at an average price of $37.50 per share, with a total value of $187,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Westrock during the first quarter worth approximately $26,000. Rockefeller Capital Management L.P. increased its position in Westrock by 253.0% during the first quarter. Rockefeller Capital Management L.P. now owns 706 shares of the basic materials company’s stock worth $27,000 after buying an additional 506 shares during the period. Parallel Advisors LLC increased its position in Westrock by 64.5% during the fourth quarter. Parallel Advisors LLC now owns 719 shares of the basic materials company’s stock worth $27,000 after buying an additional 282 shares during the period. Kings Point Capital Management acquired a new position in Westrock during the fourth quarter worth approximately $30,000. Finally, JOYN Advisors Inc. increased its position in Westrock by 245.4% during the fourth quarter. JOYN Advisors Inc. now owns 867 shares of the basic materials company’s stock worth $33,000 after buying an additional 616 shares during the period. 87.63% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Westrock (NYSE:WRK)

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