Smurfit Westrock (SW) Expected to Announce Earnings on Wednesday

Smurfit Westrock (NYSE:SW) is expected to be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $7.39 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $53.50 on Tuesday. The company’s fifty day moving average price is $53.70 and its two-hundred day moving average price is $49.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The firm has a market capitalization of $27.84 billion, a P/E ratio of 297.22 and a beta of 1.02. Smurfit Westrock has a 12 month low of $38.55 and a 12 month high of $56.99.

Smurfit Westrock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be issued a $0.4308 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.22%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

Insider Activity at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

SW has been the topic of several analyst reports. Argus began coverage on Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective on the stock. Barclays upped their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Truist Financial began coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.70.

About Smurfit Westrock

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.