Westlake (NYSE:WLK – Get Free Report) announced its earnings results on Tuesday. The specialty chemicals company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.41, Briefing.com reports. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.22 billion. Westlake had a return on equity of 7.69% and a net margin of 2.13%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS.
Westlake Stock Performance
Westlake stock traded down $0.53 during trading hours on Wednesday, hitting $143.48. 598,409 shares of the stock traded hands, compared to its average volume of 433,605. The firm’s 50 day moving average price is $147.36 and its 200-day moving average price is $147.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.46 and a quick ratio of 1.83. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 72.10, a P/E/G ratio of 1.81 and a beta of 1.20. Westlake has a 1 year low of $112.77 and a 1 year high of $162.64.
Westlake Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Tuesday, May 21st were paid a $0.50 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. Westlake’s dividend payout ratio (DPR) is 100.50%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on WLK
Westlake Company Profile
Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products.
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