Westrock (WRK) Given Daily News Sentiment Rating of 0.11
News articles about Westrock (NYSE:WRK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westrock earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.2544384235797 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- WestRock Co. : WRK-US: Dividend Analysis : November 10th, 2017 (record date) : By the numbers : November 10, 2017 (finance.yahoo.com)
- Westrock Company (WRK) Earns “Hold” Rating from Barclays PLC (americanbankingnews.com)
- WestRock Company (WRK) has a value of $59.34 per share While Essendant Inc. (ESND) is stand at $9.11 – Stocks Gallery (stocksgallery.com)
- Westrock Company (WRK) Ex-Dividend Date Scheduled for November 09, 2017 – Nasdaq (nasdaq.com)
- Insider Selling: Westrock Company (WRK) Director Sells 10,343 Shares of Stock (americanbankingnews.com)
Shares of Westrock (NYSE WRK) traded up $0.10 during midday trading on Wednesday, reaching $58.76. 1,281,000 shares of the company’s stock traded hands, compared to its average volume of 1,453,854. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. Westrock has a 1-year low of $49.23 and a 1-year high of $61.60. The company has a market cap of $14,733.71, a price-to-earnings ratio of 22.46, a PEG ratio of 1.36 and a beta of 1.37.
Westrock (NYSE:WRK) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.06. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.13 billion. Westrock had a net margin of 4.77% and a return on equity of 6.73%. Westrock’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. research analysts expect that Westrock will post 3.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.93%. This is a positive change from Westrock’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, November 9th. Westrock’s dividend payout ratio (DPR) is presently 62.09%.
A number of research firms recently commented on WRK. BidaskClub lowered shares of Westrock from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stephens began coverage on shares of Westrock in a report on Tuesday, October 24th. They set an “equal weight” rating and a $61.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Westrock in a report on Wednesday, October 11th. Barclays PLC reiterated a “hold” rating on shares of Westrock in a report on Friday, November 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $65.00 price objective on shares of Westrock in a report on Monday, September 25th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $65.09.
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In related news, Director John A. Luke, Jr. sold 10,343 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $55.78, for a total value of $576,932.54. Following the completion of the transaction, the director now directly owns 497,557 shares in the company, valued at approximately $27,753,729.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Wayne Chalovich sold 18,368 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $58.41, for a total transaction of $1,072,874.88. Following the completion of the transaction, the insider now owns 24,859 shares of the company’s stock, valued at $1,452,014.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 453,722 shares of company stock valued at $25,585,382. 2.68% of the stock is owned by company insiders.
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.
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