What is KeyCorp’s Estimate for Westlake Q3 Earnings?

Westlake Corporation (NYSE:WLK) – Investment analysts at KeyCorp issued their Q3 2026 EPS estimates for Westlake in a report issued on Thursday, September 10th. KeyCorp analyst S. Tiano anticipates that the specialty chemicals company will earn $1.09 per share for the quarter. The consensus estimate for Westlake’s current full-year earnings is $3.35 per share. KeyCorp also issued estimates for Westlake’s Q4 2026 earnings at $0.56 EPS, FY2027 earnings at $2.55 EPS and FY2028 earnings at $2.70 EPS.

Westlake (NYSE:WLK) last issued its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.18. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.24 billion. Westlake had a positive return on equity of 0.93% and a negative net margin of 10.94%.The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.11) earnings per share.

Several other research analysts have also issued reports on WLK. JPMorgan Chase & Co. upgraded shares of Westlake from an “underweight” rating to a “neutral” rating and set a $90.00 target price for the company in a research report on Monday, May 18th. Morgan Stanley lowered their price target on Westlake from $106.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 2nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price target on shares of Westlake in a research note on Monday, July 6th. Wells Fargo & Company cut their price objective on Westlake from $110.00 to $89.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Finally, Truist Financial reduced their price objective on Westlake from $127.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Westlake presently has a consensus rating of “Hold” and an average price target of $93.92.

Westlake Trading Down 0.3%

Shares of WLK opened at $71.54 on Friday. The firm’s 50 day simple moving average is $75.87 and its 200 day simple moving average is $91.39. The company has a market capitalization of $9.14 billion, a P/E ratio of -7.47 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.70. Westlake has a 1-year low of $56.33 and a 1-year high of $124.23.

Westlake Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were given a $0.533 dividend. The ex-dividend date was Tuesday, August 25th. This is an increase from Westlake’s previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a yield of 3.0%. Westlake’s dividend payout ratio is presently -22.23%.

Insider Buying and Selling at Westlake

In other news, Chairman Albert Chao sold 38,873 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $80.28, for a total transaction of $3,120,724.44. Following the completion of the sale, the chairman owned 642,880 shares of the company’s stock, valued at approximately $51,610,406.40. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Westlake

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WLK. Diamond Hill Capital Management Inc. purchased a new position in shares of Westlake during the 4th quarter worth approximately $14,062,000. Quantbot Technologies LP purchased a new position in shares of Westlake in the 2nd quarter valued at approximately $1,117,000. Jupiter Topco LLC purchased a new position in shares of Westlake in the 2nd quarter valued at approximately $19,544,000. Corient Private Wealth LLC boosted its position in shares of Westlake by 53.6% during the fourth quarter. Corient Private Wealth LLC now owns 50,715 shares of the specialty chemicals company’s stock valued at $3,750,000 after purchasing an additional 17,689 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Westlake by 28.5% during the first quarter. Bank of America Corp DE now owns 236,986 shares of the specialty chemicals company’s stock valued at $27,685,000 after purchasing an additional 52,551 shares in the last quarter. 28.40% of the stock is currently owned by institutional investors.

About Westlake

Westlake Corporation is a global manufacturer of performance and essential materials headquartered in Houston, Texas. The company produces chemicals, polymers and building products used in construction, infrastructure, packaging, healthcare, consumer goods and other industrial applications.

Its Performance and Essential Materials businesses manufacture products such as chlor-alkali chemicals, vinyl chloride monomer, polyvinyl chloride (PVC), polyethylene, epoxy resins and related specialty materials.