Westlake (NYSE:WLK – Get Free Report) announced its earnings results on Tuesday. The specialty chemicals company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41, Briefing.com reports. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.22 billion. Westlake had a return on equity of 7.69% and a net margin of 2.13%. Westlake’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.31 EPS.
Westlake Price Performance
Shares of NYSE:WLK traded down $0.53 during trading on Wednesday, reaching $143.48. 598,409 shares of the company traded hands, compared to its average volume of 433,605. The firm has a market capitalization of $18.45 billion, a PE ratio of 72.10, a PEG ratio of 1.81 and a beta of 1.20. Westlake has a 52 week low of $112.77 and a 52 week high of $162.64. The company has a quick ratio of 1.83, a current ratio of 2.46 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $147.36 and its two-hundred day moving average is $147.73.
Westlake Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Tuesday, May 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.00 annualized dividend and a yield of 1.39%. Westlake’s dividend payout ratio is presently 100.50%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on WLK
Westlake Company Profile
Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products.
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