Westlake Chemical (NYSE:WLK) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.19, MarketWatch Earnings reports. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.96 billion. Westlake Chemical had a net margin of 5.14% and a return on equity of 4.74%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS.
Shares of Westlake Chemical stock traded down $0.81 during trading on Tuesday, hitting $86.64. 11,846 shares of the stock were exchanged, compared to its average volume of 389,849. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 38.49 and a beta of 1.62. The company has a fifty day moving average price of $84.67 and a 200-day moving average price of $73.76. Westlake Chemical has a 1-year low of $28.99 and a 1-year high of $91.83. The company has a current ratio of 2.85, a quick ratio of 2.09 and a debt-to-equity ratio of 0.58.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 16th. Stockholders of record on Tuesday, March 2nd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.25%. Westlake Chemical’s dividend payout ratio is presently 33.13%.
Westlake Chemical Company Profile
Westlake Chemical Corporation, together with its subsidiaries, manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.
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