Smurfit Westrock PLC (SW) To Go Ex-Dividend on August 14th

Smurfit Westrock PLC (NYSE:SW) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, August 14th will be given a dividend of 0.4523 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 14th.

Smurfit Westrock has raised its dividend payment by an average of 0.1%annually over the last three years.

Smurfit Westrock Stock Up 4.3%

Shares of NYSE:SW opened at $49.66 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 52-week low of $32.73 and a 52-week high of $52.65. The company has a 50 day moving average of $45.09 and a two-hundred day moving average of $43.13. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 52.83, a price-to-earnings-growth ratio of 0.84 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, analysts forecast that Smurfit Westrock will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SW shares. Citigroup boosted their price objective on shares of Smurfit Westrock from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Loop Capital set a $71.00 target price on Smurfit Westrock in a research note on Tuesday, July 28th. Truist Financial lifted their target price on Smurfit Westrock from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded Smurfit Westrock from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.62.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.