WestRock - WRK Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WestRock in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" WRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WRK, but not buy additional shares or sell existing shares.
View WRK analyst ratings or view top-rated stocks.

6 equities research analysts have issued 12 month price targets for WestRock's shares. Their WRK share price forecasts range from $27.00 to $42.00. On average, they predict the company's share price to reach $34.57 in the next year. This suggests a possible upside of 1.2% from the stock's current price.
View analysts price targets for WRK or view top-rated stocks among Wall Street analysts.

WestRock's stock was trading at $35.16 at the start of the year. Since then, WRK shares have decreased by 2.8% and is now trading at $34.16.
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WestRock saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 3,070,000 shares, a decline of 19.4% from the December 31st total of 3,810,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.2% of the company's shares are sold short.
View WestRock's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our WRK earnings forecast.

WestRock (NYSE:WRK) posted its earnings results on Wednesday, February, 1st. The basic materials company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.05. The basic materials company earned $4.92 billion during the quarter, compared to the consensus estimate of $5.11 billion. WestRock had a trailing twelve-month return on equity of 10.53% and a net margin of 3.80%. WestRock's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS.
Read the conference call transcript.

WestRock announced a quarterly dividend on Friday, January 27th. Shareholders of record on Friday, February 10th will be paid a dividend of $0.275 per share on Wednesday, February 22nd. This represents a $1.10 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for WRK.

WestRock (NYSE:WRK) pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.15%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WRK will have a dividend payout ratio of 33.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRK.

WestRock announced that its Board of Directors has approved a share repurchase plan on Thursday, May 5th 2022, which allows the company to repurchase 25,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

370 employees have rated WestRock Chief Executive Officer Steve Voorhees on Glassdoor.com. Steve Voorhees has an approval rating of 74% among the company's employees. 60.0% of employees surveyed would recommend working at WestRock to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other WestRock investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), CVS Health (CVS), QUALCOMM (QCOM), Cisco Systems (CSCO), Pfizer (PFE), Micron Technology (MU), Walt Disney (DIS) and NVIDIA (NVDA).

WestRock trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRK."

WestRock's stock is owned by many different retail and institutional investors. Top institutional shareholders include Greenhaven Associates Inc. (3.90%), Patten & Patten Inc. TN (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Private Management Group Inc. (0.33%), New York State Common Retirement Fund (0.31%) and New York State Teachers Retirement System (0.12%). Insiders that own company stock include Currey M Russell, James B Porter, James E Nevels, Jeffrey Wayne Chalovich, John L O'neal and Thomas Stigers.
View institutional ownership trends.

Shares of WRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WRK stock can currently be purchased for approximately $34.16.

WestRock (NYSE:WRK) has a market capitalization of $8.69 billion and generates $21.26 billion in revenue each year. The basic materials company earns $944.60 million in net income (profit) each year or $3.14 on an earnings per share basis.

The company employs 50,500 workers across the globe.

WestRock's mailing address is 1000 ABERNATHY ROAD NE, ATLANTA GA, 30328. The official website for the company is www.westrock.com. The basic materials company can be reached via phone at (770) 448-2193, via email at james.armstrong@westrock.com, or via fax at 804-327-6363.