Westrock Coffee (WEST) Set to Announce Quarterly Earnings on Thursday

Westrock Coffee (NASDAQ:WEST - Get Free Report) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Westrock Coffee to post earnings of ($0.05) per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.16). The business had revenue of $208.39 million for the quarter, compared to the consensus estimate of $214.40 million. Westrock Coffee had a negative return on equity of 18.20% and a negative net margin of 5.37%. The firm's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) earnings per share. On average, analysts expect Westrock Coffee to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Westrock Coffee Price Performance

NASDAQ:WEST traded up $0.01 during mid-day trading on Thursday, reaching $6.63. The stock had a trading volume of 122,782 shares, compared to its average volume of 234,339. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $11.21. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.31 and a quick ratio of 0.67. The stock has a 50-day simple moving average of $7.09 and a two-hundred day simple moving average of $9.01. The stock has a market capitalization of $585.89 million, a PE ratio of -12.04 and a beta of 0.39.

Insiders Place Their Bets

In other Westrock Coffee news, Director Joe T. Ford bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $6.97 per share, with a total value of $34,850.00. Following the completion of the purchase, the director now directly owns 249,445 shares of the company's stock, valued at approximately $1,738,631.65. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders bought 11,092 shares of company stock worth $81,546. 42.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial began coverage on shares of Westrock Coffee in a research note on Monday, October 7th. They set a "buy" rating and a $10.00 target price on the stock. Craig Hallum initiated coverage on Westrock Coffee in a research report on Monday, September 23rd. They set a "buy" rating and a $13.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Westrock Coffee presently has a consensus rating of "Buy" and an average price target of $12.20.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.