Equities analysts expect that WestRock (NYSE:WRK) will post $4.08 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for WestRock’s earnings. The lowest sales estimate is $3.98 billion and the highest is $4.23 billion. WestRock posted sales of $3.66 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The business is expected to report its next earnings results before the market opens on Friday, April 27th.
On average, analysts expect that WestRock will report full-year sales of $16.34 billion for the current year, with estimates ranging from $16.30 billion to $16.39 billion. For the next financial year, analysts forecast that the business will report sales of $16.47 billion per share, with estimates ranging from $16.28 billion to $16.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow WestRock.
WestRock (NYSE:WRK) last issued its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS.
A number of equities analysts have recently commented on the stock. Deutsche Bank set a $78.00 price target on shares of WestRock and gave the stock a “buy” rating in a report on Tuesday, January 30th. Barclays increased their price target on shares of WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Citigroup increased their price target on shares of WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating and issued a $85.00 price target on shares of WestRock in a report on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of WestRock from a “hold” rating to a “strong-buy” rating and set a $74.00 price target on the stock in a report on Saturday, April 7th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. WestRock presently has an average rating of “Buy” and an average price target of $73.83.
Shares of NYSE:WRK traded up $0.36 during trading on Wednesday, reaching $65.36. The company had a trading volume of 1,327,958 shares, compared to its average volume of 1,776,537. The firm has a market capitalization of $16,583.27, a price-to-earnings ratio of 24.95, a PEG ratio of 1.24 and a beta of 1.37. WestRock has a 12 month low of $49.51 and a 12 month high of $71.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.74.
In other WestRock news, Director John A. Luke, Jr. sold 124,621 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $65.34, for a total value of $8,142,736.14. Following the sale, the director now owns 547,443 shares of the company’s stock, valued at approximately $35,769,925.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James B. Porter sold 14,930 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.00, for a total transaction of $1,045,100.00. Following the completion of the sale, the insider now directly owns 50,093 shares in the company, valued at approximately $3,506,510. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 454,649 shares of company stock worth $29,964,777. 2.20% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in WRK. American Century Companies Inc. grew its holdings in WestRock by 32.6% in the 4th quarter. American Century Companies Inc. now owns 4,631,286 shares of the basic materials company’s stock worth $292,744,000 after acquiring an additional 1,138,884 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in WestRock in the 3rd quarter worth $51,740,000. Alps Advisors Inc. bought a new stake in WestRock in the 4th quarter worth $47,018,000. Two Sigma Investments LP grew its holdings in WestRock by 280.4% in the 4th quarter. Two Sigma Investments LP now owns 806,081 shares of the basic materials company’s stock worth $50,952,000 after acquiring an additional 594,196 shares during the last quarter. Finally, Conning Inc. grew its holdings in WestRock by 9,098.7% in the 4th quarter. Conning Inc. now owns 445,954 shares of the basic materials company’s stock worth $28,189,000 after acquiring an additional 441,106 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.
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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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