Westlake Chemical Corp.is now showing -32.9% EPS growth this year. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.12. According to their predictions High & Low revenue estimates are 1.88 Billion and 1.64 Billion respectively. Westlake Chemical Partners had a net margin of 4.34% and a return on equity of 4.71%. The business's quarterly revenue was down 7.7% on a year-over-year basis. This showed the surprise of -28.1% in the last quarter earnings.
Westlake Chemical Corporation (NYSE:WLK) last session's volume of 2.76 million shares was higher than its average volume of 0.86 million shares.
While looking at the Stock's Performance, Westlake Chemical Corp. now shows a Weekly Performance of 2.11%, where Monthly Performance is 7.8%, Quarterly performance is 24.09%, 6 Months performance is 30.15% and yearly performance percentage is 48.49%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.17% and stays 9.39% away from its 50 days moving average.
The company also recently announced a dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.1906 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, February 24th. The Closing price of Westlake Chemical Corp.
Westlake Chemical Corp. (NYSE:WLK) reported its previous quarter on 11/08/2016 where it reported the Actual Earnings of $0.64. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark laws.
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A number of institutional investors have recently modified their holdings of the stock.
Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). Guggenheim Capital LLC now owns 46,575 shares of the company's stock valued at $2,608,000 after buying an additional 6,462 shares during the last quarter.
By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Westlake Chemical Corp. The stock spiked 7.8% last month and is up 17.5 this year. MSI Financial Services Inc raised its position in Westlake Chemical Corporation by 22.4% in the third quarter. Pacer Advisors Inc. now owns 4,912 shares of the company's stock worth $263,000 after buying an additional 344 shares during the last quarter. The company is set at a mean analysts' recommendation of 2.20. Vertical Research raised shares of Westlake Chemical Corporation from a "hold" rating to a "buy" rating in a report on Monday, November 21st. J P Morgan Chase & Co set a $60.00 target price on shares of Westlake Chemical Corporation and gave the stock a "buy" rating in a report on Friday, November 11th. Westlake Chemical Corporation has an average rating of "Buy" and an average price target of $59.73. The mean PT for this stock is at $63.69 while the max. level suggested by the brokerage firms is $72.00 and min. PT is $45.00.
Westlake Chemical Corporation is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Its offerings are used for a wide variety of consumer and industrial products, including food packaging, automotive products, coatings, pipes and residential construction materials.