Zacks: Analysts Anticipate WestRock Co (WRK) Will Announce Earnings of $0.86 Per Share
Equities analysts expect WestRock Co (NYSE:WRK) to report earnings of $0.86 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for WestRock’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.90. WestRock posted earnings per share of $0.71 during the same quarter last year, which would suggest a positive year over year growth rate of 21.1%. The company is expected to issue its next earnings results on Monday, November 6th.
On average, analysts expect that WestRock will report full-year earnings of $2.61 per share for the current year, with EPS estimates ranging from $2.53 to $2.66. For the next year, analysts expect that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.50 to $4.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow WestRock.
WestRock (NYSE:WRK) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. WestRock had a return on equity of 13.27% and a net margin of 8.84%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.
A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of WestRock in a research note on Monday, September 25th. BidaskClub cut WestRock from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Barclays PLC increased their price target on WestRock from $54.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $69.00 price target on shares of WestRock in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) upgraded WestRock from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. WestRock currently has a consensus rating of “Buy” and an average price target of $63.78.
In other WestRock news, Director John A. Luke, Jr. sold 10,343 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $59.43, for a total transaction of $614,684.49. Following the completion of the sale, the director now directly owns 497,557 shares in the company, valued at approximately $29,569,812.51. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John A. Luke, Jr. sold 87,202 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.06, for a total value of $4,801,342.12. Following the sale, the director now owns 497,557 shares of the company’s stock, valued at $27,395,488.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 433,036 shares of company stock valued at $24,297,161. 2.68% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of WRK. BlackRock Inc. grew its stake in shares of WestRock by 3,569.1% in the 1st quarter. BlackRock Inc. now owns 22,418,080 shares of the basic materials company’s stock valued at $1,166,413,000 after buying an additional 21,807,090 shares during the period. AJO LP grew its stake in shares of WestRock by 13,639.1% in the 2nd quarter. AJO LP now owns 2,782,160 shares of the basic materials company’s stock valued at $157,637,000 after buying an additional 2,761,910 shares during the period. AQR Capital Management LLC grew its stake in shares of WestRock by 450.1% in the 1st quarter. AQR Capital Management LLC now owns 2,486,279 shares of the basic materials company’s stock valued at $129,362,000 after buying an additional 2,034,341 shares during the period. Bank of Montreal Can grew its stake in shares of WestRock by 262.9% in the 2nd quarter. Bank of Montreal Can now owns 2,547,693 shares of the basic materials company’s stock valued at $144,353,000 after buying an additional 1,845,658 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of WestRock by 327.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,998,206 shares of the basic materials company’s stock valued at $113,218,000 after buying an additional 1,530,797 shares during the period. Institutional investors own 88.57% of the company’s stock.
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Shares of WestRock (NYSE WRK) traded down 0.09% during midday trading on Wednesday, hitting $56.73. The company had a trading volume of 1,339,486 shares. The stock’s 50-day moving average price is $57.59 and its 200-day moving average price is $57.59. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 34.42 and a beta of 1.37. WestRock has a one year low of $43.79 and a one year high of $59.02.
WestRock Company Profile
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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