Westrock Coffee (WEST) Set to Announce Quarterly Earnings on Thursday

Westrock Coffee (NASDAQ:WEST) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Westrock Coffee to post earnings of ($0.03) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $214.97 million for the quarter, compared to analyst estimates of $222.20 million. Westrock Coffee had a negative net margin of 4.05% and a negative return on equity of 41.02%. 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 0.7 %

Shares of WEST opened at $10.59 on Tuesday. The stock’s fifty day moving average is $10.01 and its 200-day moving average is $9.74. Westrock Coffee has a one year low of $6.88 and a one year high of $11.91. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.31 and a quick ratio of 0.68.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WEST shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $13.00 price objective on shares of Westrock Coffee in a research note on Monday. Benchmark boosted their target price on shares of Westrock Coffee from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th.

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.