Westrock Coffee (NASDAQ:WEST) Issues Earnings Results, Misses Estimates By $0.15 EPS

Westrock Coffee (NASDAQ:WEST) announced its quarterly earnings data on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.15), Briefing.com reports. Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. The company had revenue of $228.98 million for the quarter, compared to analysts’ expectations of $223.61 million. During the same quarter in the previous year, the firm posted ($0.23) EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year.

Westrock Coffee Stock Performance

Shares of WEST traded up $0.16 during mid-day trading on Tuesday, hitting $6.59. 418,723 shares of the company traded hands, compared to its average volume of 262,026. The stock has a market cap of $620.70 million, a price-to-earnings ratio of -7.66 and a beta of 0.59. The stock has a 50-day moving average price of $6.47 and a two-hundred day moving average price of $6.87. Westrock Coffee has a 1 year low of $5.28 and a 1 year high of $10.99. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39.

Analysts Set New Price Targets

Separately, Telsey Advisory Group dropped their price target on shares of Westrock Coffee from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th.

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.