What is KeyCorp’s Forecast for Westlake Q3 Earnings?

Westlake Corporation (NYSE:WLK) – Investment analysts at KeyCorp issued their Q3 2026 EPS estimates for shares of Westlake in a report released on Thursday, September 10th. KeyCorp analyst S. Tiano forecasts that the specialty chemicals company will post earnings of $1.09 per share for the quarter. The consensus estimate for Westlake’s current full-year earnings is $3.35 per share. KeyCorp also issued estimates for Westlake’s Q4 2026 earnings at $0.56 EPS, FY2027 earnings at $2.55 EPS and FY2028 earnings at $2.70 EPS.

Other analysts have also issued reports about the company. Wall Street Zen raised Westlake from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial decreased their price target on Westlake from $127.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 20th. Citigroup lowered their price target on Westlake from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, June 24th. Wells Fargo & Company dropped their price objective on Westlake from $110.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective on shares of Westlake in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.92.

Westlake Trading Down 0.3%

WLK opened at $71.54 on Friday. Westlake has a fifty-two week low of $56.33 and a fifty-two week high of $124.23. The firm has a market capitalization of $9.14 billion, a PE ratio of -7.47 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.70. The company’s 50-day moving average is $75.87 and its 200 day moving average is $91.39.

Westlake (NYSE:WLK) last released its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.18. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.24 billion. Westlake had a negative net margin of 10.94% and a positive return on equity of 0.93%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned ($1.11) earnings per share.

Institutional Investors Weigh In On Westlake

Hedge funds have recently made changes to their positions in the business. Orbis Allan Gray Ltd raised its holdings in Westlake by 12.1% during the 4th quarter. Orbis Allan Gray Ltd now owns 4,386,635 shares of the specialty chemicals company’s stock valued at $324,348,000 after acquiring an additional 472,224 shares during the period. Wellington Management Group LLP raised its stake in shares of Westlake by 7,239.1% during the 4th quarter. Wellington Management Group LLP now owns 4,220,717 shares of the specialty chemicals company’s stock valued at $312,080,000 after purchasing an additional 4,163,207 shares during the period. BlackRock Inc. purchased a new stake in Westlake during the 2nd quarter worth about $240,474,000. California State Teachers Retirement System lifted its holdings in Westlake by 5,958.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,693,700 shares of the specialty chemicals company’s stock worth $196,640,000 after purchasing an additional 2,649,241 shares in the last quarter. Finally, Capital World Investors bought a new position in Westlake in the 4th quarter worth about $160,548,000. 28.40% of the stock is currently owned by institutional investors.

Insider Activity at Westlake

In other Westlake news, Chairman Albert Chao sold 38,873 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $80.28, for a total value of $3,120,724.44. Following the completion of the transaction, the chairman owned 642,880 shares in the company, valued at $51,610,406.40. This represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Westlake Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were issued a $0.533 dividend. This is a boost from Westlake’s previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 25th. Westlake’s dividend payout ratio is currently -22.23%.

Westlake Company Profile

Westlake Corporation is a global manufacturer of performance and essential materials headquartered in Houston, Texas. The company produces chemicals, polymers and building products used in construction, infrastructure, packaging, healthcare, consumer goods and other industrial applications.

Its Performance and Essential Materials businesses manufacture products such as chlor-alkali chemicals, vinyl chloride monomer, polyvinyl chloride (PVC), polyethylene, epoxy resins and related specialty materials.