WestRock Co (WRK) Expected to Post Earnings of $1.24 Per Share

Wall Street analysts expect that WestRock Co (NYSE:WRK) will post earnings of $1.24 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for WestRock’s earnings, with the highest EPS estimate coming in at $1.26 and the lowest estimate coming in at $1.20. WestRock posted earnings per share of $0.87 in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.5%. The business is scheduled to issue its next quarterly earnings report before the market opens on Monday, November 5th.

According to Zacks, analysts expect that WestRock will report full-year earnings of $4.04 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.08. For the next financial year, analysts forecast that the company will post earnings of $4.72 per share, with EPS estimates ranging from $4.27 to $5.43. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for WestRock.

WestRock (NYSE:WRK) last released its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. WestRock had a return on equity of 8.49% and a net margin of 11.31%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Co assumed coverage on WestRock in a report on Friday, September 21st. They set a “market perform” rating and a $63.00 price target for the company. Zacks Investment Research cut WestRock from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. ValuEngine cut WestRock from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Citigroup lowered their price target on WestRock from $75.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, October 11th. Finally, BMO Capital Markets cut WestRock from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $80.00 to $54.00 in a report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.73.

NYSE WRK opened at $42.69 on Tuesday. The firm has a market cap of $11.01 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.56 and a quick ratio of 0.95. WestRock has a twelve month low of $41.86 and a twelve month high of $71.55.

A number of institutional investors and hedge funds have recently bought and sold shares of WRK. Commonwealth Equity Services LLC lifted its stake in WestRock by 74.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 22,927 shares of the basic materials company’s stock worth $1,471,000 after acquiring an additional 9,761 shares in the last quarter. Allianz Asset Management GmbH raised its position in WestRock by 16.9% in the 1st quarter. Allianz Asset Management GmbH now owns 44,411 shares of the basic materials company’s stock valued at $2,850,000 after purchasing an additional 6,411 shares in the last quarter. United Capital Financial Advisers LLC acquired a new stake in WestRock in the 1st quarter valued at about $383,000. Element Capital Management LLC acquired a new stake in WestRock in the 1st quarter valued at about $528,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in WestRock by 38.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,851 shares of the basic materials company’s stock valued at $1,206,000 after purchasing an additional 5,199 shares in the last quarter. 85.12% of the stock is currently owned by hedge funds and other institutional investors.

WestRock Company Profile

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.

Read More: Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on WestRock (WRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for WestRock (NYSE:WRK)

Receive News & Ratings for WestRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply