WestRock Co (WRK) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.52. The company posted revenue of $3696.60 million in the period, compared to analysts expectations of $3632.71 million. The company’s revenue was down -1.1% compared to the same quarter last year.
Many Wall Street Analysts have commented on WestRock Co. WestRock Co was Downgraded by Dundee to ” Neutral” on Apr 20, 2016. WestRock Co was Downgraded by Wells Fargo to ” Market Perform” on Apr 8, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $47 .
WestRock Co opened for trading at $40.73 and hit $41.88 on the upside on Wednesday, eventually ending the session at $41.63, with a gain of 2.03% or 0.83 points. The heightened volatility saw the trading volume jump to 20,22,920 shares. Company has a market cap of $10,568 M.
In a different news, on Feb 9, 2016, J Powell Brown (director) purchased 6,000 shares at $32.19 per share price. According to the SEC, on Feb 8, 2016, Ward H. Dickson (CFO) purchased 3,000 shares at $34.01 per share price. On Jan 15, 2016, James B Porter (President – Corrugated Packagi) sold 26,000 shares at $38.57 per share price, according to the Form-4 filing with the securities and exchange commission.
WestRock Company formerly Rome-Milan Holdings Inc. is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America South America Europe and Asia-Pacific. The Company’s products and services include consumer packaging corrugated packaging merchandising displays containerboard kraft paper pulp paperboard recycling and waste solutions and specialty paperboard. The Company’s consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets such as printing and converting solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard containers pre-print and microflute packaging retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.