Wall Street analysts expect that WestRock (NYSE:WRK) will report $1.20 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for WestRock’s earnings. The highest EPS estimate is $1.24 and the lowest is $1.15. WestRock reported earnings of $0.73 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 64.4%. The business is scheduled to report its next quarterly earnings results on Thursday, November 4th.
On average, analysts expect that WestRock will report full-year earnings of $3.36 per share for the current year, with EPS estimates ranging from $3.30 to $3.42. For the next fiscal year, analysts anticipate that the company will post earnings of $5.10 per share, with EPS estimates ranging from $4.26 to $5.65. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for WestRock.
WestRock (NYSE:WRK) last issued its quarterly earnings results on Thursday, August 5th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.71 billion. WestRock had a negative net margin of 3.54% and a positive return on equity of 6.96%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 EPS.
Shares of WestRock stock traded up $0.66 during trading on Wednesday, reaching $48.85. 1,145,378 shares of the company traded hands, compared to its average volume of 1,879,274. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.49 and a quick ratio of 0.93. WestRock has a 1-year low of $32.01 and a 1-year high of $62.03. The company has a 50 day moving average price of $50.25 and a 200-day moving average price of $53.18. The firm has a market capitalization of $13.04 billion, a PE ratio of -19.31, a P/E/G ratio of 0.54 and a beta of 1.26.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 24th. Stockholders of record on Friday, August 13th were paid a $0.24 dividend. The ex-dividend date was Thursday, August 12th. This represents a $0.96 annualized dividend and a dividend yield of 1.97%. WestRock’s payout ratio is 34.78%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in WestRock by 5.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 30,153,272 shares of the basic materials company’s stock valued at $1,604,757,000 after buying an additional 1,605,498 shares during the period. Vanguard Group Inc. grew its position in WestRock by 1.6% during the second quarter. Vanguard Group Inc. now owns 29,987,226 shares of the basic materials company’s stock valued at $1,595,921,000 after buying an additional 459,434 shares during the period. State Street Corp grew its position in WestRock by 4.4% during the second quarter. State Street Corp now owns 11,945,992 shares of the basic materials company’s stock valued at $635,766,000 after buying an additional 504,456 shares during the period. JPMorgan Chase & Co. grew its position in WestRock by 8.2% during the second quarter. JPMorgan Chase & Co. now owns 6,394,769 shares of the basic materials company’s stock valued at $340,329,000 after buying an additional 482,325 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in WestRock by 5.7% during the second quarter. Geode Capital Management LLC now owns 4,924,839 shares of the basic materials company’s stock valued at $261,405,000 after purchasing an additional 264,941 shares during the last quarter. Institutional investors own 82.02% of the company’s stock.
WestRock Co engages in the provision of paper and packaging solutions. It operates through the following segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment consists of its containerboard mill and corrugated packaging operations, as well as recycling operations.
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