WestRock (WRK) Set to Announce Quarterly Earnings on Thursday

WestRock (NYSE:WRKGet Rating) is set to announce its earnings results before the market opens on Thursday, May 5th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

WestRock (NYSE:WRKGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. WestRock had a return on equity of 8.00% and a net margin of 4.50%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $4.93 billion. During the same period in the previous year, the firm posted $0.61 EPS. WestRock’s revenue was up 12.5% compared to the same quarter last year. On average, analysts expect WestRock to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

WRK stock opened at $49.33 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.94 and a debt-to-equity ratio of 0.68. WestRock has a 12-month low of $40.78 and a 12-month high of $62.03. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.51 and a beta of 1.11. The business’s 50-day moving average is $46.89 and its 200 day moving average is $46.53.

A number of research analysts have weighed in on WRK shares. KeyCorp decreased their target price on shares of WestRock from $43.00 to $42.00 and set an “underweight” rating on the stock in a research note on Friday, February 4th. StockNews.com started coverage on shares of WestRock in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Bank of America lowered shares of WestRock from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $57.00 in a research note on Thursday, January 20th. Zacks Investment Research raised shares of WestRock from a “sell” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Thursday, January 13th. Finally, Citigroup reduced their price target on shares of WestRock from $60.00 to $53.00 in a research report on Tuesday, January 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $55.30.

In other WestRock news, insider Thomas Stigers sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $50.10, for a total value of $751,500.00. Following the sale, the insider now owns 88,034 shares of the company’s stock, valued at $4,410,503.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of WRK. Barclays PLC grew its stake in shares of WestRock by 33.2% in the fourth quarter. Barclays PLC now owns 928,678 shares of the basic materials company’s stock worth $41,196,000 after acquiring an additional 231,550 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of WestRock by 4.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,780,005 shares of the basic materials company’s stock worth $78,962,000 after acquiring an additional 68,935 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of WestRock in the fourth quarter worth $1,694,000. Marshall Wace LLP acquired a new position in shares of WestRock in the fourth quarter worth $1,305,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of WestRock in the fourth quarter worth $1,213,000. Institutional investors and hedge funds own 83.96% of the company’s stock.

WestRock Company Profile (Get Rating)

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through two segments, Corrugated Packaging and Consumer Packaging. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.

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Earnings History for WestRock (NYSE:WRK)

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