Price movement

WestRock Company (WRK) has a market cap of $13.6 billion. It fell 0.94% to close at $53.91 per share on January 27, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 3.3%, 3.1%, and 6.2%, respectively, on the same day.

WRK is trading 3.0% above its 20-day moving average, 4.2% above its 50-day moving average, and 20.0% above its 200-day moving average.

WestRock Company Declared Dividend of $0.40 per Share

Related ETF and peers

The iShares Global Timber & Forestry ETF (WOOD) invests 4.0% of its holdings in WestRock (WRK). The YTD price movement of WOOD was 4.0% on January 27.

The market caps of WestRock’s competitors are as follows:

  • International Paper Company (IP) — $23.6 billion
  • Packaging Corporation of America (PKG) — $8.8 billion
  • Graphic Packaging Holding Company (GPK) — $4.1 billion

WRK declared dividend

WestRock Company (WRK) declared a regular quarterly dividend of $0.40 per share on its common stock. The dividend will be paid on February 20, 2017, to shareholders of record at the close of business on February 10, 2017.

Performance of WestRock in fiscal 1Q17

WestRock (WRK) reported fiscal 1Q17 net sales of $3.45 billion, a fall of 0.7% compared to net sales of $3.47 billion in fiscal 1Q16. Sales from the Corrugated Packaging and Consumer Packaging segments fell 1.1% and 2.0%, respectively, in fiscal 1Q17 compared to fiscal 1Q16. The company’s gross profit margin narrowed 170 basis points, and its operating margin expanded 50 basis points in fiscal 1Q17 compared to fiscal 1Q16.

WestRock’s net income and EPS (earnings per share) rose to $80.9 million and $0.32, respectively, in fiscal 1Q17 compared to -$453.5 million and -$1.73, respectively, in fiscal 1Q16. It reported adjusted EPS of $0.47 in fiscal 1Q17.

WRK’s cash and cash equivalents and inventories rose 44.7% and 1.1%, respectively, between fiscal 1Q17 and fiscal 4Q16.

In the final part of this series, we’ll look at Clorox Company (CLX).

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