Media coverage about WestRock (NYSE:WRK) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WestRock earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.2506189821116 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- WestRock Announces Participation in Upcoming Investor Conferences (finance.yahoo.com)
- WestRock (WRK) Upgraded to Buy by ValuEngine (americanbankingnews.com)
- Uptrend Figure with Alarming Ratio Analysis: WestRock Company (NYSE:WRK), NIC Inc. (NASDAQ:EGOV) – Investing News Update (investingbizz.com)
- Analysts Expect XLB To Hit $66 – Nasdaq.com – Nasdaq (nasdaq.com)
- Free Post Earnings Research Report: WestRock’s Q1 Bottom-Line … – Digital Journal (digitaljournal.com)
Several research firms recently weighed in on WRK. DA Davidson reiterated a “buy” rating and set a $82.00 target price on shares of WestRock in a research report on Tuesday, January 30th. Zacks Investment Research upgraded WestRock from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Saturday, February 3rd. ValuEngine upgraded WestRock from a “hold” rating to a “buy” rating in a research note on Friday. Deutsche Bank set a $78.00 price target on WestRock and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, BMO Capital Markets restated a “buy” rating and set a $77.00 price target on shares of WestRock in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $73.92.
WestRock (NYSE:WRK) last posted its earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. research analysts expect that WestRock will post 3.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Friday, February 16th will be paid a $0.43 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.76%. WestRock’s dividend payout ratio (DPR) is currently 25.18%.
In other news, insider Robert A. Feeser sold 29,972 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $60.00, for a total value of $1,798,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Luke, Jr. sold 124,621 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $65.34, for a total value of $8,142,736.14. Following the completion of the sale, the director now owns 547,443 shares of the company’s stock, valued at approximately $35,769,925.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,624 shares of company stock valued at $15,897,888. Insiders own 2.68% of the company’s stock.
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WestRock Company Profile
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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