Westrock Coffee (WEST) to Release Earnings on Thursday

Westrock Coffee (NASDAQ:WEST) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Westrock Coffee to post earnings of ($0.05) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.16). Westrock Coffee had a negative net margin of 5.37% and a negative return on equity of 18.20%. The company had revenue of $208.39 million during the quarter, compared to analyst estimates of $214.40 million. During the same quarter in the prior year, the business earned ($0.21) EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis. 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

Westrock Coffee stock traded up $0.06 during mid-day trading on Tuesday, reaching $6.95. The company had a trading volume of 5,543 shares, compared to its average volume of 234,462. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $11.21. The company has a current ratio of 1.31, a quick ratio of 0.67 and a debt-to-equity ratio of 4.05. The company has a market cap of $614.14 million, a P/E ratio of -12.53 and a beta of 0.38. The business has a fifty day simple moving average of $6.99 and a 200 day simple moving average of $8.93.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WEST. Craig Hallum began coverage on shares of Westrock Coffee in a report on Monday, September 23rd. They set a “buy” rating and a $13.00 price target on the stock. Truist Financial began coverage on shares of Westrock Coffee in a report on Monday, October 7th. They set a “buy” rating and a $10.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $12.20.

Insider Activity at Westrock Coffee

In other news, Director Joe T. Ford bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $7.64 per share, for a total transaction of $38,200.00. Following the completion of the acquisition, the director now directly owns 244,445 shares in the company, valued at approximately $1,867,559.80. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 11,092 shares of company stock worth $81,546 over the last quarter. Company insiders own 42.10% of the company’s stock.

Westrock Coffee Company Profile

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.