Westrock Co (NYSE:WRK) – Seaport Global Securities cut their FY2019 earnings per share (EPS) estimates for Westrock in a report issued on Monday, May 20th. Seaport Global Securities analyst M. Weintraub now expects that the basic materials company will post earnings of $4.10 per share for the year, down from their previous estimate of $4.15. Seaport Global Securities also issued estimates for Westrock’s Q4 2019 earnings at $1.39 EPS, Q1 2020 earnings at $0.92 EPS, Q4 2020 earnings at $1.04 EPS and FY2020 earnings at $3.50 EPS.

Westrock (NYSE:WRK) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.17. Westrock had a net margin of 4.89% and a return on equity of 9.03%. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis.

Other equities research analysts have also issued reports about the stock. UBS Group assumed coverage on shares of Westrock in a report on Wednesday, May 15th. They issued a “buy” rating and a $47.00 target price for the company. KeyCorp reissued a “hold” rating on shares of Westrock in a report on Wednesday, May 1st. Finally, Deutsche Bank lowered shares of Westrock from a “buy” rating to a “hold” rating and reduced their target price for the stock from $51.00 to $42.00 in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Westrock presently has an average rating of “Hold” and a consensus price target of $49.56.

Shares of NYSE:WRK opened at $35.22 on Tuesday. Westrock has a twelve month low of $35.08 and a twelve month high of $62.05. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $9.24 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59.

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its holdings in Westrock by 23.0% during the 4th 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 buying an additional 68,625 shares in the last quarter. Landmark Bank purchased a new stake in Westrock during the 1st quarter valued at approximately $264,000. BlackRock Inc. grew its holdings in Westrock by 12.3% during the 4th quarter. BlackRock Inc. now owns 22,410,471 shares of the basic materials company’s stock valued at $846,221,000 after buying an additional 2,445,795 shares in the last quarter. Proffitt & Goodson Inc. purchased a new stake in Westrock during the 1st quarter valued at approximately $85,000. Finally, Mackenzie Financial Corp grew its holdings in Westrock by 112.1% during the 4th quarter. Mackenzie Financial Corp now owns 442,785 shares of the basic materials company’s stock valued at $16,720,000 after buying an additional 233,992 shares in the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

In other news, Director Currey M. Russell bought 5,000 shares of Westrock stock in a transaction that occurred on Thursday, February 28th. The stock was bought at an average cost of $37.50 per share, with a total value of $187,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend was Thursday, May 9th. Westrock’s dividend payout ratio is 44.50%.

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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