Westrock (NYSE:WRK) is set to release its earnings data before the market opens on Tuesday, August 4th. Analysts expect Westrock to post earnings of $0.44 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Westrock (NYSE:WRK) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Westrock had a net margin of 4.67% and a return on equity of 7.98%. Westrock’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, analysts expect Westrock to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE:WRK opened at $26.86 on Friday. The firm has a market cap of $6.96 billion, a P/E ratio of 8.19 and a beta of 1.49. Westrock has a 12-month low of $21.50 and a 12-month high of $44.39. The business has a fifty day simple moving average of $28.48 and a 200 day simple moving average of $31.38. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 0.91.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Thursday, August 13th. Westrock’s dividend payout ratio is currently 20.10%.

A number of analysts have commented on WRK shares. Deutsche Bank cut their price target on shares of Westrock from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Wells Fargo & Co cut their target price on Westrock from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets lowered their target price on Westrock from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Royal Bank of Canada reissued a “hold” rating and issued a $31.00 price target on shares of Westrock in a research note on Thursday, April 16th. Finally, KeyCorp reduced their price objective on shares of Westrock from $27.00 to $23.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $37.82.

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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Earnings History for Westrock (NYSE:WRK)

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