Westlake Co. (NYSE:WLK - Free Report) - Equities research analysts at KeyCorp issued their FY2026 earnings per share (EPS) estimates for shares of Westlake in a research note issued to investors on Sunday, April 13th. KeyCorp analyst A. Yefremov expects that the specialty chemicals company will earn $5.58 per share for the year. The consensus estimate for Westlake's current full-year earnings is $6.48 per share.
Westlake (NYSE:WLK - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $0.06 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.98). The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.01 billion. Westlake had a net margin of 0.81% and a return on equity of 6.93%. Westlake's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS.
Several other equities analysts have also commented on WLK. Truist Financial decreased their price objective on shares of Westlake from $155.00 to $132.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays lowered their price target on Westlake from $175.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. BMO Capital Markets cut their price target on shares of Westlake from $157.00 to $132.00 and set a "market perform" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Westlake from an "underweight" rating to a "neutral" rating and dropped their price objective for the company from $135.00 to $110.00 in a report on Thursday, February 27th. Finally, Morgan Stanley lowered their price target on shares of Westlake from $130.00 to $122.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Westlake currently has a consensus rating of "Moderate Buy" and an average price target of $122.25.
Check Out Our Latest Research Report on WLK
Westlake Stock Up 1.7 %
NYSE WLK traded up $1.54 during trading on Tuesday, reaching $91.86. 603,314 shares of the company's stock traded hands, compared to its average volume of 565,138. The company's 50 day simple moving average is $102.62 and its two-hundred day simple moving average is $117.11. Westlake has a 12-month low of $81.41 and a 12-month high of $161.31. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 129.37, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.79 and a quick ratio of 2.04.
Westlake Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.10 annualized dividend and a yield of 2.29%. Westlake's dividend payout ratio (DPR) is presently 45.36%.
Hedge Funds Weigh In On Westlake
Institutional investors and hedge funds have recently bought and sold shares of the business. Balyasny Asset Management L.P. lifted its stake in Westlake by 732.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 993,150 shares of the specialty chemicals company's stock worth $113,865,000 after purchasing an additional 873,888 shares in the last quarter. Victory Capital Management Inc. increased its position in Westlake by 21.0% during the fourth quarter. Victory Capital Management Inc. now owns 3,313,847 shares of the specialty chemicals company's stock worth $379,933,000 after purchasing an additional 574,068 shares during the last quarter. Norges Bank purchased a new position in Westlake during the fourth quarter worth about $46,630,000. First Trust Advisors LP boosted its holdings in Westlake by 56.8% in the 4th quarter. First Trust Advisors LP now owns 827,516 shares of the specialty chemicals company's stock valued at $94,875,000 after purchasing an additional 299,597 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Westlake by 348.8% in the 4th quarter. Schroder Investment Management Group now owns 364,274 shares of the specialty chemicals company's stock valued at $41,327,000 after buying an additional 283,100 shares during the period. 28.40% of the stock is currently owned by institutional investors and hedge funds.
About Westlake
(
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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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