Equities analysts predict that Westrock Co (NYSE:WRK) will report $4.73 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Westrock’s earnings, with estimates ranging from $4.50 billion to $4.89 billion. Westrock posted sales of $4.02 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The company is scheduled to announce its next earnings report before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that Westrock will report full year sales of $18.94 billion for the current year, with estimates ranging from $18.66 billion to $19.15 billion. For the next financial year, analysts anticipate that the firm will report sales of $19.20 billion, with estimates ranging from $18.62 billion to $19.89 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Westrock.

Westrock (NYSE:WRK) last posted its earnings results on Thursday, January 31st. The basic materials company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.58 billion. Westrock had a return on equity of 9.12% and a net margin of 5.44%.

A number of brokerages have recently issued reports on WRK. Royal Bank of Canada downgraded Westrock from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 8th. Barclays downgraded Westrock from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $42.00 in a research report on Monday, January 7th. KeyCorp restated a “hold” rating on shares of Westrock in a research report on Monday, January 7th. Citigroup downgraded Westrock from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $42.00 in a research report on Monday, January 7th. Finally, ValuEngine downgraded Westrock from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $54.33.

In other Westrock news, Director Currey M. Russell bought 5,000 shares of the stock in a transaction on Thursday, February 28th. The stock was acquired at an average cost of $37.50 per share, for a total transaction of $187,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ward H. Dickson bought 2,645 shares of the stock in a transaction on Monday, February 4th. The stock was acquired at an average price of $37.94 per share, with a total value of $100,351.30. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its stake in Westrock by 23.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 366,723 shares of the basic materials company’s stock valued at $13,847,000 after acquiring an additional 68,625 shares during the period. Union Bankshares Corp grew its stake in Westrock by 0.7% in the fourth quarter. Union Bankshares Corp now owns 69,076 shares of the basic materials company’s stock valued at $2,608,000 after acquiring an additional 450 shares during the period. BlackRock Inc. grew its stake in Westrock by 12.3% in the fourth quarter. BlackRock Inc. now owns 22,410,471 shares of the basic materials company’s stock valued at $846,221,000 after acquiring an additional 2,445,795 shares during the period. Mackenzie Financial Corp grew its stake in Westrock by 112.1% in the fourth quarter. Mackenzie Financial Corp now owns 442,785 shares of the basic materials company’s stock valued at $16,720,000 after acquiring an additional 233,992 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new stake in Westrock in the third quarter valued at approximately $201,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Westrock stock opened at $37.98 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.63 and a beta of 1.61. Westrock has a 12 month low of $35.20 and a 12 month high of $67.01.

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 and Estimates for Westrock (NYSE:WRK)

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