WestRock Co. (NYSE:WRK) – Stock analysts at KeyCorp lowered their FY2016 earnings per share (EPS) estimates for shares of WestRock in a research note issued to investors on Sunday. KeyCorp analyst A. Josephson now anticipates that the brokerage will earn $2.54 per share for the year, down from their prior estimate of $2.56. KeyCorp also issued estimates for WestRock’s Q4 2016 earnings at $0.62 EPS, Q1 2017 earnings at $0.57 EPS and Q4 2017 earnings at $0.64 EPS.
Several other equities analysts also recently weighed in on WRK. Citigroup Inc. lifted their target price on shares of WestRock from $43.30 to $46.00 and gave the stock a “buy” rating in a research note on Monday, June 13th. Deutsche Bank AG restated a “buy” rating and issued a $46.00 price objective on shares of WestRock in a research report on Wednesday, June 15th. Zacks Investment Research lowered shares of WestRock from a “hold” rating to a “strong sell” rating in a research report on Monday, July 4th. Credit Suisse Group AG set a $50.00 price objective on shares of WestRock and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Jefferies Group raised their price objective on shares of WestRock from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.04.
Shares of WestRock (NYSE:WRK) opened at 47.31 on Wednesday. WestRock has a 12-month low of $29.73 and a 12-month high of $57.85. The firm has a 50-day moving average of $46.94 and a 200-day moving average of $41.69. The company’s market cap is $11.77 billion.
WestRock (NYSE:WRK) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The firm earned $3.60 million during the quarter, compared to the consensus estimate of $3.70 billion. WestRock had a negative net margin of 1.27% and a positive return on equity of 6.71%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 EPS.
In other news, Director John A. Luke, Jr. sold 188,103 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $46.62, for a total value of $8,769,361.86. Following the completion of the sale, the director now directly owns 837,343 shares in the company, valued at approximately $39,036,930.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.41% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of WRK. Mizuho Asset Management Co. Ltd. purchased a new position in shares of WestRock during the second quarter valued at approximately $135,000. Botty Investors LLC purchased a new position in shares of WestRock during the second quarter valued at approximately $137,000. Societe Generale purchased a new position in shares of WestRock during the second quarter valued at approximately $201,000. Advisor Partners LLC purchased a new position in shares of WestRock during the first quarter valued at approximately $203,000. Finally, IFP Advisors Inc increased its position in shares of WestRock by 6.2% in the first quarter. IFP Advisors Inc now owns 5,660 shares of the company’s stock valued at $221,000 after buying an additional 328 shares during the last quarter. 90.32% of the stock is currently owned by institutional investors.
WestRock Company Profile
Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company’s operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia.
Receive News & Ratings for WestRock Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock Co. and related companies with MarketBeat.com's FREE daily email newsletter.