Westrock (NYSE:WRK) released its quarterly earnings data on Thursday. The basic materials company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.05, Briefing.com reports. Westrock had a net margin of 4.65% and a return on equity of 8.97%. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. Westrock’s revenue for the quarter was up 9.8% on a year-over-year basis.
Shares of NYSE WRK traded up $0.71 during trading on Friday, reaching $39.75. 2,016,894 shares of the stock were exchanged, compared to its average volume of 2,408,343. The business’s 50-day moving average price is $36.66 and its 200 day moving average price is $36.10. Westrock has a twelve month low of $31.94 and a twelve month high of $48.55. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61.
Several research firms have issued reports on WRK. KeyCorp reiterated a “sell” rating and set a $34.00 price objective on shares of Westrock in a research note on Thursday. ValuEngine downgraded shares of Westrock from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Citigroup decreased their price objective on shares of Westrock from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, Zacks Investment Research downgraded shares of Westrock from a “hold” rating to a “sell” rating and set a $39.00 price objective for the company. in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.86.
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.
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