Smurfit Westrock PLC (SW) To Go Ex-Dividend on February 17th

Smurfit Westrock PLC (NYSE:SW) declared a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.4523 per share on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 5.0% increase from Smurfit Westrock’s previous quarterly dividend of $0.43.

Smurfit Westrock has raised its dividend by an average of 0.3%annually over the last three years.

Smurfit Westrock Stock Up 0.3%

NYSE:SW opened at $51.57 on Friday. The stock’s fifty day simple moving average is $41.22 and its 200-day simple moving average is $41.26. The firm has a market capitalization of $26.94 billion, a P/E ratio of 38.77 and a beta of 1.09. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 12-month low of $32.73 and a 12-month high of $55.49.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, February 11th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.63 billion. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%.Smurfit Westrock’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Equities research analysts expect that Smurfit Westrock will post 3.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Smurfit Westrock in a report on Thursday, January 8th. Wells Fargo & Company upped their price objective on shares of Smurfit Westrock from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup lifted their target price on Smurfit Westrock from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Friday. Barclays decreased their target price on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.40.

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.