Westrock Co (NYSE:WRK) – Analysts at Seaport Global Securities reduced their FY2019 EPS estimates for Westrock in a research note issued to investors on Monday, June 24th, Zacks Investment Research reports. Seaport Global Securities analyst M. Weintraub now anticipates that the basic materials company will post earnings of $4.05 per share for the year, down from their prior forecast of $4.10.
Several other equities analysts have also recently weighed in on WRK. KeyCorp lifted their price objective on SBA Communications from $215.00 to $252.00 and gave the company an “overweight” rating in a report on Monday. They noted that the move was a valuation call. Deutsche Bank cut J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 price objective on the stock. in a report on Wednesday, April 17th. Finally, UBS Group reiterated a “sell” rating on shares of in a report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.78.
Westrock (NYSE:WRK) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.17. Westrock had a return on equity of 9.03% and a net margin of 4.89%. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter last year, the business earned $0.83 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year.
Several large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its stake in Westrock by 28.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,167 shares of the basic materials company’s stock worth $686,000 after buying an additional 4,075 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Westrock by 15.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 99,766 shares of the basic materials company’s stock valued at $3,767,000 after purchasing an additional 13,415 shares during the last quarter. Greenleaf Trust increased its position in shares of Westrock by 31.1% in the 4th quarter. Greenleaf Trust now owns 5,349 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 1,269 shares during the last quarter. First Trust Advisors LP increased its position in shares of Westrock by 175.7% in the 4th quarter. First Trust Advisors LP now owns 552,154 shares of the basic materials company’s stock valued at $20,849,000 after purchasing an additional 351,848 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Westrock by 24.4% in the 4th quarter. LPL Financial LLC now owns 23,547 shares of the basic materials company’s stock valued at $889,000 after purchasing an additional 4,619 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
Westrock Company Profile
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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