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 Analyst Weigh In

WRK has been the topic of several recent analyst reports. Citigroup lowered shares of WestRock from a "buy" rating to a "neutral" rating and decreased their target price for the company from $53.00 to $45.00 in a report on Tuesday, June 21st. TheStreet upgraded shares of WestRock from a "c+" rating to a "b-" rating in a research report on Wednesday, August 10th. KeyCorp reduced their target price on WestRock from $44.00 to $36.00 and set an "underweight" rating on the stock in a report on Friday, July 1st. Deutsche Bank Aktiengesellschaft lowered their price target on WestRock from $59.00 to $45.00 in a report on Tuesday, July 19th. Finally, StockNews.com lowered WestRock from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $49.00.

WestRock Price Performance

Shares of WRK opened at $42.86 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.46 and a debt-to-equity ratio of 0.67. The stock has a market cap of $10.92 billion, a PE ratio of 12.25, a PEG ratio of 0.41 and a beta of 1.04. WestRock has a 12-month low of $38.28 and a 12-month high of $54.78. The business has a 50-day simple moving average of $41.56 and a two-hundred day simple moving average of $45.29.

WestRock (NYSE:WRK - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The basic materials company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.05. The company had revenue of $5.52 billion for the quarter, compared to analysts' expectations of $5.51 billion. WestRock had a return on equity of 10.42% and a net margin of 4.41%. The business's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. Analysts anticipate that WestRock will post 4.8 earnings per share for the current fiscal year.

WestRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. WestRock's dividend payout ratio (DPR) is presently 28.57%.