$0.62 Earnings Per Share Expected for WestRock (NYSE:WRK) This Quarter

Equities research analysts expect WestRock (NYSE:WRK) to announce earnings per share (EPS) of $0.62 for the current quarter, Zacks reports. Four analysts have provided estimates for WestRock’s earnings, with estimates ranging from $0.56 to $0.73. WestRock reported earnings of $0.67 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 7.5%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, May 5th.

According to Zacks, analysts expect that WestRock will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $2.94 to $3.85. For the next financial year, analysts forecast that the business will report earnings of $4.40 per share, with EPS estimates ranging from $2.97 to $6.00. Zacks’ EPS averages are a mean average based on a survey of analysts that cover WestRock.

WestRock (NYSE:WRK) last posted its earnings results on Thursday, January 28th. The basic materials company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.40 billion. WestRock had a net margin of 4.37% and a return on equity of 7.24%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share.

Several equities analysts recently commented on WRK shares. BMO Capital Markets boosted their price objective on shares of WestRock from $54.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, March 10th. KeyCorp boosted their price objective on shares of WestRock from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of WestRock from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, January 20th. Zacks Investment Research cut shares of WestRock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research note on Tuesday, February 2nd. Finally, Morgan Stanley boosted their price objective on shares of WestRock from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, April 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.

In other news, insider Jeffrey Wayne Chalovich sold 19,600 shares of the business’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $51.23, for a total value of $1,004,108.00. Following the completion of the sale, the insider now directly owns 123,694 shares in the company, valued at approximately $6,336,843.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.92% of the company’s stock.

A number of large investors have recently bought and sold shares of WRK. Montag A & Associates Inc. bought a new stake in WestRock during the 4th quarter valued at $28,000. Vantage Consulting Group Inc bought a new stake in WestRock during the 4th quarter valued at $30,000. Harvest Fund Management Co. Ltd raised its holdings in WestRock by 108.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 758 shares of the basic materials company’s stock valued at $32,000 after buying an additional 394 shares during the last quarter. Chiron Capital Management LLC bought a new stake in WestRock during the 3rd quarter valued at $35,000. Finally, Private Capital Group LLC raised its holdings in WestRock by 71.2% during the 4th quarter. Private Capital Group LLC now owns 909 shares of the basic materials company’s stock valued at $40,000 after buying an additional 378 shares during the last quarter. Institutional investors own 80.83% of the company’s stock.

Shares of NYSE:WRK opened at $52.79 on Monday. The company has a 50 day moving average of $49.46 and a 200 day moving average of $43.62. The stock has a market cap of $13.91 billion, a P/E ratio of 17.66 and a beta of 1.38. WestRock has a 12 month low of $23.22 and a 12 month high of $54.43. The company has a current ratio of 1.80, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 23rd. Stockholders of record on Thursday, February 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.52%. WestRock’s payout ratio is 20.10%.

WestRock Company Profile

WestRock Company manufactures and sells paper and packaging solutions in North America, South America, Europe, Asia, and Australia. The company operates through Corrugated Packaging and Consumer Packaging segments. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for sale to consumer and industrial products manufacturers, and corrugated box manufacturers.

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