Westlake Co. (NYSE:WLK – Free Report) – Funding analysts at Zacks Analysis lowered their Q3 2024 earnings per share (EPS) estimates for Westlake in a analysis report issued to shoppers and traders on Tuesday, August twenty seventh. Zacks Analysis analyst R. Division now anticipates that the specialty chemical compounds firm will earn $1.58 per share for the quarter, down from their prior estimate of $1.80. The consensus estimate for Westlake’s present full-year earnings is $6.92 per share. Zacks Analysis additionally issued estimates for Westlake’s Q3 2025 earnings at $1.95 EPS and This fall 2025 earnings at $0.93 EPS.
Westlake (NYSE:WLK – Get Free Report) final launched its quarterly earnings outcomes on Tuesday, August sixth. The specialty chemical compounds firm reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. The agency had income of $3.21 billion for the quarter, in comparison with analysts’ expectations of $3.22 billion. Westlake had a web margin of two.27% and a return on fairness of seven.84%. The agency’s income for the quarter was down 1.4% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the corporate earned $2.31 EPS.
A number of different analysis analysts additionally lately commented on the corporate. Royal Financial institution of Canada raised Westlake from a “sector carry out” ranking to an “outperform” ranking and elevated their worth goal for the corporate from $157.00 to $174.00 in a analysis observe on Friday, August twenty third. StockNews.com upgraded shares of Westlake from a “promote” ranking to a “maintain” ranking in a analysis report on Thursday, August twenty second. Piper Sandler elevated their worth goal on shares of Westlake from $160.00 to $180.00 and gave the corporate an “obese” ranking in a report on Tuesday, Could seventh. JPMorgan Chase & Co. boosted their goal worth on Westlake from $123.00 to $135.00 and gave the inventory an “underweight” ranking in a report on Thursday, August fifteenth. Lastly, BMO Capital Markets elevated their worth goal on Westlake from $167.00 to $171.00 and gave the corporate a “market carry out” ranking in a report on Tuesday, August thirteenth. One analyst has rated the inventory with a promote ranking, eight have assigned a maintain ranking and 6 have given a purchase ranking to the corporate. In accordance with MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a consensus goal worth of $166.83.
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Westlake Value Efficiency
Shares of Westlake inventory opened at $144.19 on Thursday. The corporate has a debt-to-equity ratio of 0.41, a present ratio of two.61 and a fast ratio of 1.94. The enterprise has a 50 day easy shifting common of $145.08 and a two-hundred day easy shifting common of $148.37. The inventory has a market capitalization of $18.54 billion, a P/E ratio of 72.46, a PEG ratio of two.01 and a beta of 1.20. Westlake has a 12 month low of $112.77 and a 12 month excessive of $162.64.
Westlake Will increase Dividend
The agency additionally lately disclosed a quarterly dividend, which might be paid on Thursday, September fifth. Traders of report on Tuesday, August twentieth might be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized foundation and a dividend yield of 1.46%. This is a rise from Westlake’s earlier quarterly dividend of $0.50. The ex-dividend date is Tuesday, August twentieth. Westlake’s dividend payout ratio (DPR) is presently 105.53%.
Institutional Inflows and Outflows
A number of hedge funds and different institutional traders have lately made adjustments to their positions within the enterprise. GAMMA Investing LLC bought a brand new place in shares of Westlake throughout the fourth quarter value about $37,000. Pathway Monetary Advisers LLC bought a brand new place in shares of Westlake throughout the first quarter value roughly $43,000. Quest Companions LLC grew its place in shares of Westlake by 8,400.0% throughout the second quarter. Quest Companions LLC now owns 340 shares of the specialty chemical compounds firm’s inventory value $49,000 after buying an extra 336 shares over the last quarter. Itau Unibanco Holding S.A. acquired a brand new place in shares of Westlake within the 2nd quarter valued at $66,000. Lastly, UniSuper Administration Pty Ltd raised its place in Westlake by 66.7% within the 1st quarter. UniSuper Administration Pty Ltd now owns 500 shares of the specialty chemical compounds firm’s inventory valued at $76,000 after buying an extra 200 shares over the last quarter. Hedge funds and different institutional traders personal 28.40% of the corporate’s inventory.
Westlake Firm Profile
Westlake Company engages within the manufacture and advertising of efficiency and important supplies, and housing and infrastructure merchandise in the US, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The corporate operates via two segments: Efficiency and Important Supplies and Housing and Infrastructure Merchandise.
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