Westrock Co (NYSE:WRK) – Seaport Global Securities lowered their Q1 2019 earnings estimates for Westrock in a report issued on Wednesday, January 9th. Seaport Global Securities analyst M. Weintraub now forecasts that the basic materials company will post earnings of $0.84 per share for the quarter, down from their previous estimate of $0.88. Seaport Global Securities currently has a “Buy” rating and a $52.00 target price on the stock. Seaport Global Securities also issued estimates for Westrock’s Q1 2020 earnings at $1.05 EPS.
Westrock (NYSE:WRK) last issued its earnings results on Monday, November 5th. The basic materials company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. Westrock had a return on equity of 9.26% and a net margin of 11.70%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the firm posted $0.87 EPS. Westrock’s quarterly revenue was up 4.3% compared to the same quarter last year.
Shares of WRK opened at $40.29 on Thursday. Westrock has a 1 year low of $35.20 and a 1 year high of $71.55. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $10.17 billion, a PE ratio of 9.85, a P/E/G ratio of 1.36 and a beta of 1.68.
Institutional investors and hedge funds have recently made changes to their positions in the business. HBK Sorce Advisory LLC bought a new position in Westrock in the 3rd quarter valued at $201,000. Telemus Capital LLC boosted its position in Westrock by 8.9% in the 3rd quarter. Telemus Capital LLC now owns 93,210 shares of the basic materials company’s stock valued at $4,981,000 after buying an additional 7,640 shares during the last quarter. Centaurus Financial Inc. bought a new position in Westrock in the 2nd quarter valued at $976,000. DNB Asset Management AS boosted its position in Westrock by 11.4% in the 3rd quarter. DNB Asset Management AS now owns 34,294 shares of the basic materials company’s stock valued at $1,833,000 after buying an additional 3,500 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position in Westrock by 14.9% in the 3rd quarter. Alps Advisors Inc. now owns 885,658 shares of the basic materials company’s stock valued at $47,330,000 after buying an additional 114,702 shares during the last quarter. Hedge funds and other institutional investors own 83.90% of the company’s stock.
In related news, insider Robert A. Feeser sold 67,755 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $46.91, for a total transaction of $3,178,387.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.
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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