Smurfit Westrock PLC to Issue Quarterly Dividend of $0.43 (NYSE:SW)

Key Points

• Smurfit Westrock PLC declared a quarterly dividend of $0.43 per share, representing an annualized dividend of $1.72 and a yield of 3.57% for its stockholders of record as of August 15.
• The company reported a missed earnings estimate with an EPS of $0.45 for the quarter, falling short of the expected $0.59.
• Several analysts have raised their target prices for Smurfit Westrock, with Truist Financial setting a new target at $54.00 and maintaining a "buy" rating.

Smurfit Westrock PLC (NYSE:SW - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.4308 per share on Thursday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Smurfit Westrock Trading Down 0.0%

Shares of NYSE SW traded down $0.01 during midday trading on Friday, reaching $44.37. 4,016,515 shares of the stock were exchanged, compared to its average volume of 3,330,531. The company has a 50 day simple moving average of $44.89 and a 200 day simple moving average of $46.30. The stock has a market capitalization of $23.16 billion, a P/E ratio of 67.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 1.45. Smurfit Westrock has a twelve month low of $37.01 and a twelve month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%. The business's quarterly revenue was up 167.4% on a year-over-year basis. As a group, equities analysts expect that Smurfit Westrock will post 3.25 earnings per share for the current year.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.