WestRock - WRK Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WestRock in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.

7 Wall Street analysts have issued 1 year price targets for WestRock's shares. Their WRK share price forecasts range from $27.00 to $46.00. On average, they anticipate the company's share price to reach $38.00 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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WestRock's stock was trading at $44.36 at the beginning of the year. Since then, WRK shares have decreased by 18.8% and is now trading at $36.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our WRK earnings forecast.

WestRock (NYSE:WRK) announced its earnings results on Thursday, November, 10th. The basic materials company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.45 by $0.02. The basic materials company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.44 billion. WestRock had a net margin of 4.44% and a trailing twelve-month return on equity of 10.77%. The company's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share.
Read the conference call transcript.

WestRock declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.275 per share on Wednesday, November 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Wednesday, November 9th. This is a boost from the stock's previous quarterly dividend of $0.25.
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 3.06%. 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 30.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WRK will have a dividend payout ratio of 28.95% 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 has authorized a share repurchase plan on Thursday, May 5th 2022, which permits the company to buyback 25,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.97%), BlackRock Inc. (9.06%), State Street Corp (4.16%), Greenhaven Associates Inc. (3.90%), Nordea Investment Management AB (2.40%) and Pictet Asset Management SA (2.39%). Insiders that own company stock include James B Porter, James E Nevels, Jeffrey Wayne Chalovich, John L O'neal and Thomas Stigers.
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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 $36.00.

WestRock (NYSE:WRK) has a market capitalization of $9.16 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 $3.64 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.