Westlake (WLK) Projected to Post Quarterly Earnings on Friday

Westlake (NYSE:WLK - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of $0.81 per share and revenue of $2.97 billion for the quarter.

Westlake (NYSE:WLK - Get Free Report) last issued its earnings results on Monday, February 24th. The specialty chemicals company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.98). The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. Westlake had a return on equity of 6.93% and a net margin of 0.81%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. On average, analysts expect Westlake to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Westlake Price Performance

Shares of NYSE WLK traded down $0.95 during midday trading on Wednesday, reaching $92.43. 691,426 shares of the stock traded hands, compared to its average volume of 569,092. The stock has a market capitalization of $11.88 billion, a PE ratio of 130.18, a P/E/G ratio of 2.36 and a beta of 1.02. The company's 50 day moving average is $99.40 and its 200 day moving average is $114.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.79 and a quick ratio of 2.04. Westlake has a one year low of $81.41 and a one year high of $161.31.

Westlake Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Tuesday, March 4th. Westlake's payout ratio is 45.36%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WLK. Bank of America upgraded Westlake from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $116.00 to $75.00 in a research report on Tuesday, April 15th. Royal Bank of Canada reduced their price objective on Westlake from $147.00 to $133.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. UBS Group reduced their price target on shares of Westlake from $144.00 to $127.00 and set a "buy" rating for the company in a report on Monday, April 7th. Morgan Stanley decreased their price objective on Westlake from $130.00 to $122.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised shares of Westlake from an "underweight" rating to a "neutral" rating and cut their price target for the stock from $135.00 to $110.00 in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.25.

Westlake Company Profile

Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products.