Westrock Coffee (NASDAQ:WEST) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Westrock Coffee (NASDAQ:WEST - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.15), Briefing.com reports. Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. The company had revenue of $228.98 million for the quarter, compared to the consensus estimate of $223.61 million. During the same period in the prior year, the firm posted ($0.23) EPS. The business's revenue for the quarter was up 6.5% on a year-over-year basis.

Westrock Coffee Price Performance

Shares of NASDAQ:WEST traded up $1.01 during mid-day trading on Friday, reaching $6.52. The stock had a trading volume of 80,005 shares, compared to its average volume of 263,654. Westrock Coffee has a 1 year low of $5.28 and a 1 year high of $10.99. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The business's 50 day moving average price is $6.45 and its 200 day moving average price is $6.84. The company has a market cap of $613.63 million, a P/E ratio of -7.48 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued an "outperform" rating and set a $9.00 price target on shares of Westrock Coffee in a report on Wednesday.

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.

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