Smurfit Westrock (SW) Set to Announce Earnings on Wednesday

Smurfit Westrock (NYSE:SW) will be posting its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Smurfit Westrock to post earnings of $0.73 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. On average, analysts expect Smurfit Westrock to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Smurfit Westrock Trading Up 0.8 %

NYSE:SW opened at $44.54 on Wednesday. Smurfit Westrock has a 1 year low of $38.55 and a 1 year high of $50.60. The firm has a market cap of $11.45 billion, a PE ratio of 37.43 and a beta of 1.05. The business’s 50-day simple moving average is $45.83.

Smurfit Westrock Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, September 18th. Shareholders of record on Thursday, August 15th were paid a $0.3025 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 2.5%. Smurfit Westrock’s dividend payout ratio is currently 101.68%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and set a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Morgan Stanley initiated coverage on Smurfit Westrock in a research report on Friday, July 19th. They issued an “overweight” rating and a $60.00 target price for the company. Finally, Redburn Atlantic assumed coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.