WestRock (NYSE:WRK – Get Free Report) announced its quarterly earnings data on Thursday. The basic materials company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14, Briefing.com reports. WestRock had a negative net margin of 8.58% and a positive return on equity of 6.87%. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis.
WestRock Stock Performance
Shares of NYSE WRK traded up $0.05 during trading hours on Friday, hitting $51.16. 2,937,138 shares of the company’s stock were exchanged, compared to its average volume of 2,137,784. The company’s 50-day moving average price is $47.73 and its 200-day moving average price is $42.73. WestRock has a 1-year low of $26.85 and a 1-year high of $51.79. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of -7.61, a PEG ratio of 4.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.55 and a quick ratio of 0.95.
WestRock Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 14th will be given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, May 13th. WestRock’s dividend payout ratio is -18.01%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on WRK
Insider Buying and Selling at WestRock
In other WestRock news, insider Vicki L. Lostetter sold 3,500 shares of WestRock stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.77, for a total value of $149,695.00. Following the transaction, the insider now directly owns 92,117 shares of the company’s stock, valued at approximately $3,939,844.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.
WestRock Company Profile
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 four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.
Featured Stories
- Five stocks we like better than WestRock
- Insider Trades May Not Tell You What You Think
- Appleās Earnings Show Investors Its Strength and Its Weakness
- 3 Fintech Stocks With Good 2021 Prospects
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- Most active stocks: Dollar volume vs share volume
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Receive News & Ratings for WestRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock and related companies with MarketBeat.com's FREE daily email newsletter.