KeyCorp Estimates Westlake’s FY2026 Earnings (NYSE:WLK)

Westlake Co. (NYSE:WLK) – Investment analysts at KeyCorp issued their FY2026 earnings per share (EPS) estimates for shares of Westlake in a report released on Sunday, April 13th. KeyCorp analyst A. Yefremov forecasts that the specialty chemicals company will earn $5.58 per share for the year. The consensus estimate for Westlake’s current full-year earnings is $6.48 per share.

Westlake (NYSE:WLK) last announced its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.98). Westlake had a return on equity of 6.93% and a net margin of 0.81%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year.

WLK has been the subject of several other reports. Barclays reduced their price target on Westlake from $175.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Citigroup reduced their target price on Westlake from $130.00 to $116.00 and set a “buy” rating for the company in a report on Friday, April 4th. Bank of America raised shares of Westlake from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $116.00 to $75.00 in a research note on Tuesday. JPMorgan Chase & Co. upgraded shares of Westlake from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $135.00 to $110.00 in a research note on Thursday, February 27th. Finally, UBS Group lowered their target price on shares of Westlake from $144.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.23.

Westlake Price Performance

Shares of NYSE:WLK opened at $90.00 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.79 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $103.84 and a 200 day moving average price of $118.10. Westlake has a 52 week low of $81.41 and a 52 week high of $161.31. The company has a market cap of $11.56 billion, a P/E ratio of 126.75, a PEG ratio of 2.36 and a beta of 1.02.

Institutional Trading of Westlake

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. raised its stake in Westlake by 732.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 993,150 shares of the specialty chemicals company’s stock valued at $113,865,000 after purchasing an additional 873,888 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Westlake by 21.0% in the fourth quarter. Victory Capital Management Inc. now owns 3,313,847 shares of the specialty chemicals company’s stock valued at $379,933,000 after buying an additional 574,068 shares during the last quarter. Norges Bank purchased a new position in shares of Westlake during the fourth quarter valued at approximately $46,630,000. First Trust Advisors LP lifted its stake in shares of Westlake by 56.8% during the fourth quarter. First Trust Advisors LP now owns 827,516 shares of the specialty chemicals company’s stock valued at $94,875,000 after buying an additional 299,597 shares during the period. Finally, Schroder Investment Management Group boosted its position in Westlake by 348.8% during the fourth quarter. Schroder Investment Management Group now owns 364,274 shares of the specialty chemicals company’s stock worth $41,327,000 after acquiring an additional 283,100 shares during the last quarter. 28.40% of the stock is currently owned by hedge funds and other institutional investors.

Westlake Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.33%. Westlake’s dividend payout ratio (DPR) is 45.36%.

About Westlake

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.