Analysts forecast that WestRock Co (NYSE:WRK) will post earnings per share (EPS) of $1.23 for the current quarter, Zacks reports. Four analysts have made estimates for WestRock’s earnings. The lowest EPS estimate is $1.20 and the highest is $1.26. WestRock posted earnings per share of $0.87 during the same quarter last year, which would indicate a positive year over year growth rate of 41.4%. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, November 5th.

On average, analysts expect that WestRock will report full-year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.08. For the next financial year, analysts forecast that the business will report earnings of $4.72 per share, with EPS estimates ranging from $4.27 to $5.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow WestRock.

WestRock (NYSE:WRK) last released its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.03. WestRock had a return on equity of 8.49% and a net margin of 11.31%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis.

A number of equities research analysts have weighed in on the company. Citigroup lowered their price target on WestRock from $75.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, October 11th. Goldman Sachs Group cut WestRock from a “conviction-buy” rating to a “buy” rating and set a $64.00 price objective on the stock. in a research note on Wednesday, October 10th. ValuEngine cut WestRock from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Wells Fargo & Co reduced their price objective on WestRock from $63.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 9th. Finally, BMO Capital Markets cut WestRock from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $80.00 to $54.00 in a research note on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $67.73.

NYSE WRK traded down $0.21 during trading hours on Tuesday, reaching $42.48. 1,659,333 shares of the stock traded hands, compared to its average volume of 2,386,575. WestRock has a 1 year low of $41.86 and a 1 year high of $71.55. The company has a quick ratio of 0.95, a current ratio of 1.56 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.81 and a beta of 1.32.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors grew its stake in shares of WestRock by 24.1% in the second quarter. Captrust Financial Advisors now owns 60,155 shares of the basic materials company’s stock worth $3,430,000 after purchasing an additional 11,680 shares during the last quarter. Centaurus Financial Inc. bought a new stake in WestRock during the 2nd quarter valued at approximately $976,000. Conning Inc. boosted its position in WestRock by 14.0% during the 2nd quarter. Conning Inc. now owns 685,017 shares of the basic materials company’s stock valued at $39,060,000 after acquiring an additional 84,013 shares in the last quarter. Richard Bernstein Advisors LLC boosted its position in WestRock by 30.8% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 97,350 shares of the basic materials company’s stock valued at $5,551,000 after acquiring an additional 22,949 shares in the last quarter. Finally, Investec Asset Management LTD boosted its position in WestRock by 4.6% during the 2nd quarter. Investec Asset Management LTD now owns 2,464,357 shares of the basic materials company’s stock valued at $140,518,000 after acquiring an additional 108,110 shares in the last quarter. 85.12% of the stock is currently owned by institutional investors.

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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