Westlake (WLK) Expected to Announce Quarterly Earnings on Tuesday

Westlake (NYSE:WLK - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Westlake to post earnings of $1.04 per share and revenue of $2.97 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Westlake Stock Up 2.4 %

Shares of NYSE WLK traded up $2.72 on Friday, hitting $115.30. The company had a trading volume of 919,565 shares, compared to its average volume of 552,435. Westlake has a 12-month low of $108.56 and a 12-month high of $162.64. The business has a 50 day moving average of $115.09 and a two-hundred day moving average of $130.56. The company has a quick ratio of 2.04, a current ratio of 2.79 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $14.84 billion, a P/E ratio of 162.40, a PEG ratio of 2.40 and a beta of 1.17.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com raised Westlake from a "sell" rating to a "hold" rating in a report on Tuesday, November 26th. Truist Financial started coverage on Westlake in a report on Tuesday, January 28th. They set a "buy" rating and a $168.00 target price on the stock. Piper Sandler reduced their target price on Westlake from $155.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Morgan Stanley reduced their target price on Westlake from $155.00 to $130.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Citigroup raised Westlake from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $152.00 to $140.00 in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Westlake presently has an average rating of "Moderate Buy" and a consensus price target of $155.79.

Insider Buying and Selling at Westlake

In other news, Director David Tsung-Hung Chao sold 1,750 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $130.00, for a total transaction of $227,500.00. Following the completion of the sale, the director now directly owns 9,534 shares of the company's stock, valued at $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 is available through this link. 74.10% of the stock is currently owned by corporate insiders.

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.