Westrock Company (NYSE:WRK) is reporting third quarter earnings results on Tuesday 4th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.44 per share.
For the full year, analysts predict revenues of $ 17425.50 million, while looking forward to income of $ 2.22 per share.
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 disclosed income for the second quarter of $ 0.67 per share, from the revenue of $ 4,447.00 million. The quarterly earnings lowered 16.25 percent compared with the same quarter last year. According to street consensus, WRK was expected to report 2Q20 income of $ 0.61 per share from revenue of $ 4473.40 million. The bottom line results beat street analysts by $ 0.06 or 9.84 percent, at the same time, top line results fell short of analysts by $ 26.4 million or 0.59 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of WRK was $ 27.82, representing a 29.40 % increase from the 52 week low of $ 21.50 and a 37.33 % decrease over the 52 week high of $ 44.39.
The company has a market capital of $ 7.21 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
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Recent Analyst recommendations
- On 15th June 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 28.00 target price.
Recent Stock Dividend Announcement
On May 5, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on May 19, 2020, with payment date of May 28, 2020 and ex-dividend date on May 18, 2020.
Conference Call
Westrock Company will be hosting a conference call at 8:30 AM eastern time on 4th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.westrock.com
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.
