Westrock Coffee (WEST) to Release Earnings on Thursday

Westrock Coffee (NASDAQ:WEST) is scheduled to 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $214.40 million. During the same period last year, the firm posted ($0.21) earnings per share. The company’s revenue for the quarter 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 Stock Up 0.9 %

WEST traded up $0.06 during midday trading on Tuesday, hitting $6.95. The company had a trading volume of 5,543 shares, compared to its average volume of 234,462. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $11.21. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 4.05. The company has a market capitalization of $614.14 million, a price-to-earnings ratio of -12.53 and a beta of 0.38. The stock’s 50 day moving average price is $6.99 and its 200 day moving average price is $8.93.

Insiders Place Their Bets

In other news, Director Joe T. Ford acquired 5,000 shares of Westrock Coffee stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $6.97 per share, with a total value of $34,850.00. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders bought 11,092 shares of company stock valued at $81,546. Corporate insiders own 42.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WEST shares. Truist Financial started coverage on shares of Westrock Coffee in a research report on Monday, October 7th. They set a “buy” rating and a $10.00 target price for the company. Craig Hallum started coverage on shares of Westrock Coffee in a research report on Monday, September 23rd. They set a “buy” rating and a $13.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.