Westrock Company (NYSE:WRK) is reporting fourth quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, WRK is expected to report 4Q20 income of $ 0.68 per share from revenue of $ 4342.71 million.
For the full year, analysts anticipate top line of $ 17455.70 million, while looking forward to income of $ 2.69 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 18,000.00 million ~ $ 18,500.00 million
Click Here For More Historical Outlooks Of Westrock Company
Previous Quarter Performance
Westrock Company announced income for the third quarter of $ 0.76 per share, from the revenue of $ 4,236.00 million. The quarterly earnings declined 31.53 percent while revenues contracted 9.68 percent compared with the same quarter last year.
Wall street analysts are predicting, WRK to report 3Q20 income of $ 0.44 per share from revenue of $ 4266.64 million. The bottom line results beat street analysts by $ 0.32 or 72.73 percent, at the same time, top line results fell short of analysts by $ 30.64 million or 0.72 percent.
Stock Performance
Shares of Westrock Company traded low $ -1.25 or -3.14 percent on Wednesday, reaching $ 38.51 with volume of 2.14 million shares. Westrock Company has traded high as $ 39.75 and has cracked $ 37.60 on the downward trend
The closing price of $ 38.51, representing a 84.93 % increase from the 52 week low of $ 21.50 and a 10.43 % decrease over the 52 week high of $ 44.39.
The company has a market capital of $ 10.00 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 12th October 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 57.00 target price.
- On 15th September 2020, maintained by Bank of America at Buy rating, with $ 41.00 target price.
- On 9th September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 44.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.20 per share on July 30, 2020. The dividend were payable on August 25, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and the Asia Pacific. The companys Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services, and automated packaging machines; and operates recycling facilities that collect, sort, grade, and bale recovered paper.
