Westlake (WLK) to Release Earnings on Tuesday

Westlake (NYSE:WLK) is projected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $2.97 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Westlake Price Performance

Westlake stock opened at $115.30 on Friday. The company’s 50 day simple moving average is $115.09 and its 200-day simple moving average is $130.46. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 162.40, a price-to-earnings-growth ratio of 2.40 and a beta of 1.17. Westlake has a 1 year low of $108.56 and a 1 year high of $162.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.79.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Westlake from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada lowered their target price on shares of Westlake from $170.00 to $167.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Wells Fargo & Company reduced their price target on shares of Westlake from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Truist Financial started coverage on shares of Westlake in a research report on Tuesday, January 28th. They issued a “buy” rating and a $168.00 price target for the company. Finally, UBS Group upgraded shares of Westlake from a “neutral” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Westlake has an average rating of “Moderate Buy” and a consensus target price of $155.79.

Insider Buying and Selling at Westlake

In other Westlake news, Director David Tsung-Hung Chao sold 1,750 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $130.00, for a total transaction of $227,500.00. Following the completion of the transaction, the director now directly owns 9,534 shares in the company, valued at approximately $1,239,420. This trade represents a 15.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 74.10% of the stock is currently owned by insiders.

About Westlake

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.