Smurfit Westrock PLC (SW) To Go Ex-Dividend on May 15th

Smurfit Westrock PLC (NYSE:SW) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.4523 per share on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, May 15th.

Smurfit Westrock has increased its dividend payment by an average of 0.1%per year over the last three years.

Smurfit Westrock Stock Down 0.8%

Shares of NYSE SW opened at $40.59 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The stock has a market capitalization of $21.28 billion, a PE ratio of 56.38 and a beta of 0.95. Smurfit Westrock has a one year low of $32.73 and a one year high of $52.65. The business’s fifty day moving average price is $40.86 and its 200-day moving average price is $40.50.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities research analysts anticipate that Smurfit Westrock will post 2.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. UBS Group cut their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Jefferies Financial Group set a $58.00 price objective on Smurfit Westrock in a report on Thursday, February 12th. Citigroup reduced their price target on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Royal Bank Of Canada lowered their price objective on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.18.

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.