Westrock (NYSE:WRK) released its earnings results on Thursday. The basic materials company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05, Briefing.com reports. Westrock had a net margin of 4.65% and a return on equity of 8.97%. The company had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the business earned $1.29 EPS. The business’s revenue was up 9.8% on a year-over-year basis.
Shares of NYSE WRK traded up $0.71 during midday trading on Friday, hitting $39.75. The company had a trading volume of 2,016,894 shares, compared to its average volume of 2,408,343. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 0.82. Westrock has a twelve month low of $31.94 and a twelve month high of $48.55. The business has a 50-day simple moving average of $36.66 and a two-hundred day simple moving average of $36.10. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61.
In related news, Director John A. Luke, Jr. sold 20,603 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $38.68, for a total value of $796,924.04. Also, Director John A. Luke, Jr. sold 103,015 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $38.00, for a total transaction of $3,914,570.00. 2.00% of the stock is owned by company insiders.
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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