$0.62 EPS Expected for WestRock (NYSE:WRK) This Quarter


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Analysts expect that WestRock (NYSE:WRK) will announce $0.62 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for WestRock’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.73. WestRock reported earnings per share of $0.67 in the same quarter last year, which suggests a negative year-over-year growth rate of 7.5%. The company is scheduled to report its next earnings report before the market opens on Wednesday, May 5th.

On average, 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 anticipate that the company will post earnings of $4.40 per share, with EPS estimates ranging from $2.97 to $6.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow WestRock.

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

A number of research firms recently commented on WRK. BMO Capital Markets boosted their price target on WestRock from $54.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, March 10th. UBS Group began coverage on WestRock in a research note on Tuesday, January 12th. They issued a “buy” rating and a $59.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on 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 downgraded WestRock from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Tuesday, February 2nd. Finally, KeyCorp boosted their price target on WestRock from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.00.

In other WestRock news, insider Jeffrey Wayne Chalovich sold 19,600 shares of the business’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $51.23, for a total transaction of $1,004,108.00. Following the completion of the transaction, the insider now owns 123,694 shares of the company’s stock, valued at $6,336,843.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.92% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in WRK. Amundi Pioneer Asset Management Inc. increased its stake in shares of WestRock by 40.9% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 311,236 shares of the basic materials company’s stock valued at $11,936,000 after buying an additional 90,397 shares during the period. AlphaCrest Capital Management LLC acquired a new position in shares of WestRock in the third quarter valued at approximately $245,000. UBS Asset Management Americas Inc. increased its stake in shares of WestRock by 6.1% in the third quarter. UBS Asset Management Americas Inc. now owns 949,293 shares of the basic materials company’s stock valued at $32,978,000 after buying an additional 54,808 shares during the period. ProShare Advisors LLC increased its stake in shares of WestRock by 2.7% in the third quarter. ProShare Advisors LLC now owns 62,871 shares of the basic materials company’s stock valued at $2,184,000 after buying an additional 1,673 shares during the period. Finally, Morgan Stanley increased its stake in shares of WestRock by 72.7% in the third quarter. Morgan Stanley now owns 1,585,629 shares of the basic materials company’s stock valued at $55,085,000 after buying an additional 667,300 shares during the period. 80.83% of the stock is owned by institutional investors.

Shares of WestRock stock opened at $52.79 on Monday. The firm 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 PE ratio of 17.66 and a beta of 1.38. WestRock has a 52-week low of $23.22 and a 52-week high of $54.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 1.80.

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

About WestRock

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.

See Also: Cost of Equity For A Business, Investors

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