NYSE:WRKWestrock Stock Price, Forecast & News

$25.35

+0.20 (+0.80 %)

(As of 05/25/2020 04:00 PM ET)

Add

Compare

Today's Range

$24.98

Now: $25.35▼

$25.44

50-Day Range

$24.16

MA: $28.38▼

$34.15

52-Week Range

$21.50

Now: $25.35▼

$44.39

Volume2.24 million shs

Average Volume3.10 million shs

Market Capitalization$6.57 billion

P/E Ratio7.73

Dividend Yield3.16%

Beta1.56

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers. This segment also provides structural and graphic design, engineering services, and automated packaging machines; resells recovered paper and other products; and offers recycling services. Its corrugated packaging products are used to provide protective packaging for the shipment and distribution of food, paper, health and beauty, other household, consumer, commercial, and industrial products. The Consumer Packaging segment manufactures and sells folding and beverage cartons, displays, dispensing, interior partitions, inserts, and labels; bleached and recycled paperboards; express mail packages for the overnight courier industry; and secondary packages and paperboard packaging for the healthcare market. This segment also manufactures and sells solid fiber and corrugated partitions and die-cut paperboard components; temporary and permanent point-of-purchase displays for the consumer products and retail markets; and lithographic laminated packaging products, as well as provides contract packing services. The Land and Development segment owns, develops, and sells real estate properties primarily in Charleston, South Carolina. WestRock Company was founded in 2015 and is based in Atlanta, Georgia.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Westrock has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $40.78, Westrock has a potential upside of 60.9% from its current price of $25.35.
Amount of Analyst Coverage
Westrock has only been the subject of 4 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Westrock has received 453 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Westrock has received 377 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Westrock has received 54.58% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Westrock and other stocks. Vote “Outperform” if you believe WRK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WRK will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Westrock is a leading dividend payer. It pays a dividend yield of 3.16%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Westrock has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Westrock is 20.10 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Westrock will have a dividend payout ratio of 38.28 % next year. This indicates that Westrock will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Westrock insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,639.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.92% of the stock of Westrock is held by insiders.
Percentage Held by Institutions
83.88% of the stock of Westrock is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Westrock are expected to decrease by -12.92% in the coming year, from $2.40 to $2.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Westrock is 7.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Westrock is 7.73, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 18.32.
Price to Book Value per Share Ratio
Westrock has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Paperboard containers & boxes

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSE:WRK

Previous Symbol

CUSIPN/A

CIK1636023

Webwww.westrock.com

Phone770-448-2193

Debt

Debt-to-Equity Ratio0.91

Current Ratio1.75

Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio7.73

Forward P/E Ratio10.56

P/E GrowthN/A

Sales & Book Value

Annual Sales$18.29 billion

Price / Sales0.36

Cash Flow$9.90 per share

Price / Cash Flow2.56

Book Value$45.46 per share

Price / Book0.56

Profitability

EPS (Most Recent Fiscal Year)$3.98

Net Income$862.90 million

Net Margins4.67%

Return on Equity7.98%

Return on Assets3.05%

Miscellaneous

Employees51,100

Outstanding Shares259,255,000

Market Cap$6.57 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

Receive WRK News and Ratings via Email

Sign-up to receive the latest news and ratings for WRK and its competitors with MarketBeat's FREE daily newsletter.

Westrock (NYSE:WRK) Frequently Asked Questions

How has Westrock's stock been impacted by COVID-19 (Coronavirus)?

Westrock's stock was trading at $26.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WRK shares have decreased by 3.4% and is now trading at $25.35. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Westrock?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westrock in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Westrock.

When is Westrock's next earnings date?

Westrock is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Westrock.

How were Westrock's earnings last quarter?

Westrock Co (NYSE:WRK) announced its earnings results on Tuesday, May, 5th. The basic materials company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The basic materials company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.50 billion. Westrock had a return on equity of 7.98% and a net margin of 4.67%. Westrock's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. View Westrock's earnings history.

How often does Westrock pay dividends? What is the dividend yield for Westrock?

Westrock announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.20 per share on Thursday, May 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, May 18th. View Westrock's dividend history.

What price target have analysts set for WRK?

9 analysts have issued 12-month target prices for Westrock's shares. Their forecasts range from $23.00 to $48.00. On average, they anticipate Westrock's share price to reach $40.78 in the next year. This suggests a possible upside of 60.9% from the stock's current price. View analysts' price targets for Westrock.

What are Wall Street analysts saying about Westrock stock?

Here are some recent quotes from research analysts about Westrock stock:

1. According to Zacks Investment Research, "For fiscal 2020, WestRock expects adjusted EBITDA at $3-$3.2 billion. The mid-point reflects a year-over-year fall of 4% thanks to the impact of pricing declines, and ongoing inflation in wages and other cost categories. Consumer Packaging volumes are expected to rise 1% in fiscal 2020. However, this will be offset by lower prices and scheduled maintenance downtime. Earnings estimates for the current quarter and fiscal year have undergone negative revisions lately. Nevertheless, the acquisition of KapStone is likely to generate significant cost synergies and expand paper packaging product offerings in the days ahead. Productivity and performance improvement programs and cost-saving actions will likely continue to boost WestRock’s margins. Focus on lowering debt levels and investment in growth will also drive results, going forward." (3/31/2020)
2. KeyCorp analysts commented, "We’re maintaining our FY19 adj. EBITDA estimate as we were already below the midpoint of guidance, as well as our well below-consensus FY20 adj. EBITDA estimate; we’re raising our FY20 free cash flow estimate on more favorable working capital. WRK will presumably issue FY20 adj. EBITDA and cash flow guidance on its upcoming F4Q19 call. We’re maintaining our FY19 adj. EBITDA estimate of $3.241B (guidance is ~$3.25B at the midpoint) and FY20 estimate of $2.915B (a substantial ~7% below consensus of $3.143B according to Bloomberg). In FY20, WRK should benefit from additional KapStone synergies (we assume $50M-$60M), recent capital projects ($70M of expected EBITDA benefits), and the non-recurrence of costs associated with those capital projects (which totaled $36M in the past two quarters)." (9/23/2019)

Has Westrock been receiving favorable news coverage?

News articles about WRK stock have been trending somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Westrock earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the next several days. View the latest news aboutWestrock.

Are investors shorting Westrock?

Westrock saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,000,000 shares, an increase of 41.6% from the April 15th total of 3,530,000 shares. Based on an average trading volume of 3,060,000 shares, the short-interest ratio is currently 1.6 days. Currently, 2.0% of the shares of the stock are sold short. View Westrock's Current Options Chain.

Who are some of Westrock's key competitors?

Some companies that are related to Westrock include Nutrien (NTR), GLENCORE PLC/ADR (GLNCY), Koninklijke DSM (RDSMY), PPG Industries (PPG), Newcrest Mining (NCM), Agnico Eagle Mines (AEM), Anglo American (AAL), LyondellBasell Industries (LYB), Wheaton Precious Metals (WPM), Glencore (GLEN), CRH (CRH), Nutrien (NTR), KIRKLAND/IDR UNRESTR (KLA), WILMAR INTL LTD/ADR (WLMIY) and Akzo Nobel (AKZOD). View all competitors.

What other stocks do shareholders of Westrock own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westrock investors own include AT&T (T), AbbVie (ABBV), CVS Health (CVS), Verizon Communications (VZ), Cisco Systems (CSCO), Gilead Sciences (GILD), QUALCOMM (QCOM), Exxon Mobil (XOM), Intel (INTC) and Micron Technology (MU).

Who are Westrock's key executives?

Westrock's management team includes the following people:

Mr. Steven C. Voorhees, CEO, Pres & Director (Age 65)
Mr. Ward H. Dickson, Exec. VP & CFO (Age 57)
Mr. James B. Porter III, Pres of Bus. Devel. & Latin America (Age 68)
Mr. Jeffrey Wayne Chalovich, Chief Commercial Officer & Pres of Corrugated Packaging (Age 56)
Mr. Robert A. Feeser, Pres of Consumer Packaging (Age 57)

What is Westrock's stock symbol?

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

Who are Westrock's major shareholders?

Westrock's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.62%), State Street Corp (4.56%), Capital World Investors (4.25%), JPMorgan Chase & Co. (3.20%), FDx Advisors Inc. (2.95%) and FDx Advisors Inc. (2.95%). Company insiders that own Westrock stock include Currey M Russell, James B Porter, James E Nevels, John A Luke Jr, Robert A Feeser and Ward H Dickson. View institutional ownership trends for Westrock.

Which institutional investors are selling Westrock stock?

WRK stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Capital World Investors, Pictet Asset Management Ltd., Sandbar Asset Management LLP, Invesco Ltd., Nuveen Asset Management LLC, Russell Investments Group Ltd., and APG Asset Management N.V.. Company insiders that have sold Westrock company stock in the last year include James B Porter, and John A Luke Jr. View insider buying and selling activity for Westrock.

Which institutional investors are buying Westrock stock?

WRK stock was acquired by a variety of institutional investors in the last quarter, including FDx Advisors Inc., FDx Advisors Inc., Prudential PLC, Capital Research Global Investors, DDD Partners LLC, Frontier Investment Mgmt Co., AQR Capital Management LLC, and Ensign Peak Advisors Inc. Company insiders that have bought Westrock stock in the last two years include Currey M Russell, James E Nevels, and Ward H Dickson. View insider buying and selling activity for Westrock.

How do I buy shares of Westrock?

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

What is Westrock's stock price today?

One share of WRK stock can currently be purchased for approximately $25.35.

How big of a company is Westrock?

Westrock has a market capitalization of $6.57 billion and generates $18.29 billion in revenue each year. The basic materials company earns $862.90 million in net income (profit) each year or $3.98 on an earnings per share basis. Westrock employs 51,100 workers across the globe.

What is Westrock's official website?

The official website for Westrock is www.westrock.com.

How can I contact Westrock?

Westrock's mailing address is 1000 ABERNATHY ROAD NE, ATLANTA GA, 30328. The basic materials company can be reached via phone at 770-448-2193 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff