Westlake (WLK) Expected to Announce Earnings on Friday

Westlake (NYSE:WLK - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect Westlake to post earnings of $0.81 per share and revenue of $2.97 billion for the quarter.

Westlake (NYSE:WLK - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.98). The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.01 billion. Westlake had a return on equity of 6.93% and a net margin of 0.81%. The business's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. On average, analysts expect Westlake to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Westlake Price Performance

Shares of Westlake stock opened at $94.80 on Friday. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 133.52, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02. Westlake has a one year low of $81.41 and a one year high of $161.31. The stock has a 50 day moving average price of $100.97 and a 200-day moving average price of $115.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.79.

Westlake Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, March 4th. Westlake's payout ratio is 45.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com raised Westlake from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Truist Financial reduced their price target on Westlake from $155.00 to $132.00 and set a "buy" rating for the company in a report on Monday, April 14th. Piper Sandler restated a "neutral" rating and set a $105.00 price objective (down from $120.00) on shares of Westlake in a research report on Monday, April 7th. Bank of America upgraded shares of Westlake from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $116.00 to $75.00 in a research report on Tuesday, April 15th. Finally, BMO Capital Markets reduced their target price on Westlake from $157.00 to $132.00 and set a "market perform" rating for the company in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Westlake currently has an average rating of "Moderate Buy" and an average price target of $122.25.

Westlake Company Profile

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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