WestRock - WRK Stock Forecast, Price & News

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through two segments, Corrugated Packaging and Consumer Packaging. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services and custom, and proprietary and standard automated packaging machines, as well as turn-key installation, automation, line integration, and packaging solutions; distributes corrugated packaging materials and other specialty packaging products, including stretch films, void fills, carton sealing tapes, and other specialty tapes; operates recycling facilities that collect, sort, grade, and bale recovered paper; and provides lithographic laminated packaging products, as well as contract packing services. The Consumer Packaging segment manufactures and sells folding cartons that are used to package food, paper, beverages, dairy products, tobacco, confectionery, health and beauty, other household consumer, and commercial and industrial products; and express mail packages for the overnight courier industry. It also offers inserts and labels, as well as rigid packaging and other printed packaging products, such as transaction cards, brochures, product literature, marketing materials, and grower tags and plant stakes for the horticultural market; and secondary packages and paperboard packaging for over-the-counter and prescription drugs. In addition, this segment manufactures and sells solid fiber and corrugated partitions, and die-cut paperboard components principally to glass container manufacturers and the automotive industry, as well as producers of beer, food, wine, spirits, cosmetics, and pharmaceuticals. WestRock Company is based in Atlanta, Georgia.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WRK shares. TheStreet raised WestRock from a "c+" rating to a "b-" rating in a research note on Wednesday, August 10th. KeyCorp dropped their price objective on WestRock from $44.00 to $36.00 and set an "underweight" rating for the company in a research note on Friday, July 1st. Wells Fargo & Company dropped their price objective on WestRock from $66.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, May 26th. Citigroup lowered WestRock from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $53.00 to $45.00 in a research note on Tuesday, June 21st. Finally, StockNews.com downgraded WestRock from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.00.

WestRock Stock Down 1.3 %

WRK opened at $42.31 on Tuesday. The company has a market cap of $10.78 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.41 and a beta of 1.04. The business's 50-day moving average price is $41.43 and its 200-day moving average price is $45.27. The company has a current ratio of 1.46, a quick ratio of 0.90 and a debt-to-equity ratio of 0.67. WestRock has a 12 month low of $38.28 and a 12 month high of $54.78.

WestRock (NYSE:WRK - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The basic materials company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.05. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.51 billion. WestRock had a net margin of 4.41% and a return on equity of 10.42%. The company's revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. On average, equities analysts expect that WestRock will post 4.8 EPS for the current year.

WestRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Friday, August 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, August 11th. WestRock's dividend payout ratio (DPR) is currently 28.57%.