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

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) declared 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) annualized dividend and a dividend yield of 3.9%.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded down $0.01 during midday trading on Friday, hitting $44.37. 4,016,515 shares of the company's stock were exchanged, compared to its average volume of 3,531,357. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. The stock's 50 day moving average price is $44.89 and its 200-day moving average price is $46.21. The firm has a market cap of $23.17 billion, a P/E ratio of 67.23 and a beta of 1.06. 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 issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). The business 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 company's revenue was up 167.4% compared to the same quarter last year. Equities research analysts anticipate that Smurfit Westrock will post 3.25 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SW. Wells Fargo & Company boosted their target price on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday. Truist Financial boosted their target price on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Barclays dropped their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Morgan Stanley upped their price target on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

About Smurfit Westrock

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.