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.

WestRock Stock Performance

WestRock stock traded up $0.81 during mid-day trading on Wednesday, reaching $41.67. The company's stock had a trading volume of 1,322,094 shares, compared to its average volume of 2,303,226. The firm's fifty day moving average price is $41.84 and its two-hundred day moving average price is $45.29. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.90 and a current ratio of 1.46. WestRock has a 12-month low of $38.28 and a 12-month high of $54.78. The company has a market capitalization of $10.62 billion, a P/E ratio of 11.91, a PEG ratio of 0.36 and a beta of 1.04.

WestRock (NYSE:WRK - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The basic materials company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.05. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.51 billion. WestRock had a return on equity of 10.42% and a net margin of 4.41%. The business's revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. Sell-side analysts predict that WestRock will post 5.05 EPS for the current fiscal year.

WestRock Dividend Announcement

The company 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, August 11th. WestRock's payout ratio is 28.57%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com downgraded WestRock from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 18th. TheStreet lowered shares of WestRock from a "b" rating to a "c+" rating in a research note on Thursday, June 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on WestRock from $59.00 to $45.00 in a report on Tuesday, July 19th. Citigroup lowered WestRock from a "buy" rating to a "neutral" rating and dropped their target price for the company from $53.00 to $45.00 in a report on Tuesday, June 21st. Finally, Wells Fargo & Company lowered their price target on WestRock from $66.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, May 26th. One investment 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, the company currently has an average rating of "Hold" and a consensus price target of $49.00.