Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Westrock (NYSE:WRK) Stock Price
Headlines about Westrock (NYSE:WRK) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westrock earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 47.1718475234486 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern’s scoring:
- Critical Review: International Paper (IP) versus Westrock (WRK) (americanbankingnews.com)
- $3.81 Billion in Sales Expected for Westrock Company (NYSE:WRK) This Quarter (americanbankingnews.com)
- WestRock’s (WRK) CEO Steven Voorhees on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- WestRock Co (WRK) EPS Estimated At $0.63 (campdesrecrues.com)
- Westrock Company (WRK) Ownership Up in Latest Report from Legal & General Group Plc (highlightpress.com)
WRK has been the topic of several analyst reports. Goldman Sachs Group, Inc. (The) raised shares of Westrock from a “neutral” rating to a “buy” rating and upped their target price for the stock from $57.00 to $61.00 in a report on Tuesday, April 18th. Credit Suisse Group reaffirmed a “buy” rating and issued a $66.00 target price on shares of Westrock in a report on Thursday, April 27th. TheStreet raised shares of Westrock from a “c+” rating to a “b-” rating in a report on Thursday, May 11th. Royal Bank Of Canada raised shares of Westrock from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $54.00 to $59.00 in a report on Wednesday, April 19th. Finally, Barclays PLC upped their target price on shares of Westrock from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Westrock has an average rating of “Buy” and an average price target of $61.55.
Shares of Westrock (NYSE WRK) traded up 1.31% on Friday, reaching $57.33. 2,080,650 shares of the company traded hands. The company has a market capitalization of $14.22 billion, a P/E ratio of 79.74 and a beta of 1.37. Westrock has a one year low of $40.63 and a one year high of $60.36. The firm’s 50 day moving average is $57.82 and its 200 day moving average is $54.34.
Westrock (NYSE:WRK) last released its earnings results on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. Westrock had a return on equity of 6.38% and a net margin of 2.92%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Westrock will post $2.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, August 9th. Westrock’s dividend payout ratio is presently 97.56%.
In other Westrock news, Director John A. Luke, Jr. sold 10,343 shares of Westrock stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $59.43, for a total value of $614,684.49. Following the transaction, the director now owns 497,557 shares in the company, valued at $29,569,812.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 31,029 shares of company stock worth $1,812,094. Company insiders own 2.68% of the company’s stock.
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
Receive News & Ratings for Westrock Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westrock Company and related companies with MarketBeat.com's FREE daily email newsletter.