Westrock Coffee (NASDAQ:WEST) Posts Earnings Results, Misses Expectations By $0.13 EPS

Westrock Coffee (NASDAQ:WEST) announced its earnings results on Tuesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.13), FiscalAI reports. The company had revenue of $339.47 million during the quarter, compared to analysts’ expectations of $317.40 million. Westrock Coffee had a negative return on equity of 98.07% and a negative net margin of 8.58%.

Westrock Coffee Trading Up 4.1%

Shares of WEST traded up $0.16 during trading hours on Tuesday, hitting $4.04. The company had a trading volume of 566,756 shares, compared to its average volume of 319,168. Westrock Coffee has a 52-week low of $3.59 and a 52-week high of $7.92. The company has a quick ratio of 0.47, a current ratio of 1.02 and a debt-to-equity ratio of 37.87. The stock’s 50 day moving average price is $4.56 and its 200 day moving average price is $4.63. The firm has a market cap of $391.15 million, a P/E ratio of -4.12 and a beta of 0.50.

Wall Street Analysts Forecast Growth

WEST has been the topic of a number of research reports. Benchmark restated a “buy” rating on shares of Westrock Coffee in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, January 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $7.00 price objective on shares of Westrock Coffee in a report on Monday. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Westrock Coffee has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Insider Transactions at Westrock Coffee

In related news, CEO Scott T. Ford purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average cost of $4.14 per share, with a total value of $414,000.00. Following the purchase, the chief executive officer directly owned 506,401 shares of the company’s stock, valued at approximately $2,096,500.14. This trade represents a 24.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 27.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WEST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Westrock Coffee by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock worth $154,000 after buying an additional 2,003 shares during the period. MetLife Investment Management LLC raised its holdings in Westrock Coffee by 14.9% during the 4th quarter. MetLife Investment Management LLC now owns 20,863 shares of the company’s stock valued at $85,000 after buying an additional 2,704 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Westrock Coffee by 10.1% during the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after buying an additional 2,900 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Westrock Coffee by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after buying an additional 3,439 shares during the period. Finally, Rhumbline Advisers boosted its position in Westrock Coffee by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 49,510 shares of the company’s stock valued at $284,000 after buying an additional 3,723 shares during the period. Institutional investors own 45.08% of the company’s stock.

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.