Smurfit Westrock Ltd (NYSE:SW) Announces Quarterly Dividend of $0.43

Smurfit Westrock Ltd (NYSE:SW) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.4308 per share on Tuesday, March 18th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30.

Smurfit Westrock Trading Down 2.1 %

Shares of NYSE:SW traded down $1.12 during trading on Thursday, reaching $52.44. 1,080,513 shares of the company traded hands, compared to its average volume of 2,753,261. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 291.36 and a beta of 1.03. Smurfit Westrock has a 52-week low of $38.55 and a 52-week high of $56.99. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average is $53.99 and its 200-day moving average is $49.16.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.23). The business had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $8.04 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. During the same quarter in the prior year, the company earned $0.81 EPS. As a group, analysts forecast that Smurfit Westrock will post 2.65 EPS for the current year.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SW shares. Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Argus started coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Barclays increased their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley increased their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.70.

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.