Westrock Coffee (NASDAQ:WEST) Posts Earnings Results, Misses Expectations By $0.15 EPS

Westrock Coffee (NASDAQ:WEST) released its quarterly earnings data on Tuesday. The company reported ($0.26) earnings per share 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 period last year, the company posted ($0.23) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Westrock Coffee Stock Up 2.5 %

WEST stock traded up $0.16 during midday trading on Tuesday, hitting $6.59. The stock had a trading volume of 418,723 shares, compared to its average volume of 262,026. The business has a 50-day moving average of $6.47 and a two-hundred day moving average of $6.87. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The firm has a market cap of $620.70 million, a price-to-earnings ratio of -7.66 and a beta of 0.59. Westrock Coffee has a 52-week low of $5.28 and a 52-week high of $10.99.

Analyst Ratings Changes

Separately, Telsey Advisory Group dropped their target price on shares of Westrock Coffee from $10.00 to $9.00 and set an “outperform” rating for the company in a report 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.