Smurfit Westrock (SW) to Release Earnings on Wednesday

Smurfit Westrock (NYSE:SW) is expected to be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Smurfit Westrock to post earnings of $0.67 per share and revenue of $7.39 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Smurfit Westrock Price Performance

Shares of SW stock opened at $53.84 on Wednesday. The business’s fifty day moving average is $53.75 and its 200 day moving average is $49.30. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 299.10 and a beta of 1.02. Smurfit Westrock has a twelve month low of $38.55 and a twelve month high of $56.99.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.20%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s payout ratio is presently 672.26%.

Insiders Place Their Bets

In other news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SW shares. Morgan Stanley lifted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Truist Financial assumed coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target on the stock. Citigroup boosted their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Argus assumed coverage on Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.70.

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.