Westlake (WLK) to Release Quarterly Earnings on Tuesday

Westlake (NYSE:WLK) is projected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Westlake to post earnings of $1.27 per share and revenue of $2.97 billion for the quarter.

Westlake Trading Down 0.4 %

Shares of WLK opened at $111.06 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41. The stock has a market cap of $14.30 billion, a PE ratio of 156.43, a PEG ratio of 2.40 and a beta of 1.17. Westlake has a 1 year low of $108.56 and a 1 year high of $162.64. The stock has a 50 day simple moving average of $116.07 and a 200-day simple moving average of $131.24.

Westlake Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.89%. Westlake’s payout ratio is presently 295.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WLK. Piper Sandler dropped their target price on shares of Westlake from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Westlake from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America upgraded Westlake from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $151.00 to $159.00 in a research report on Wednesday, October 16th. Citigroup upgraded Westlake from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $152.00 to $140.00 in a report on Wednesday, December 18th. Finally, BMO Capital Markets cut their price target on Westlake from $171.00 to $165.00 and set a “market perform” rating for the company in a report on Wednesday, November 13th. One equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.79.

Insider Buying and Selling at Westlake

In other Westlake news, Director David Tsung-Hung Chao sold 1,750 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $129.08, for a total transaction of $225,890.00. Following the transaction, the director now owns 7,784 shares in the company, valued at approximately $1,004,758.72. This trade represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 74.10% of the company’s stock.

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.