Westrock Coffee (NASDAQ:WEST) Announces Earnings Results, Misses Expectations By $0.13 EPS

Westrock Coffee (NASDAQ:WEST) released its quarterly earnings results on Tuesday. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.13), FiscalAI reports. The firm had revenue of $339.47 million for the quarter, compared to analysts’ expectations of $317.40 million. Westrock Coffee had a negative return on equity of 98.07% and a negative net margin of 8.58%.

Westrock Coffee Price Performance

Shares of Westrock Coffee stock traded up $0.16 during trading on Tuesday, hitting $4.04. The stock had a trading volume of 566,756 shares, compared to its average volume of 319,168. The company has a current ratio of 1.02, a quick ratio of 0.47 and a debt-to-equity ratio of 37.87. Westrock Coffee has a 12 month low of $3.59 and a 12 month high of $7.92. The firm has a market cap of $391.15 million, a price-to-earnings ratio of -4.12 and a beta of 0.50. The business’s 50-day moving average is $4.56 and its 200 day moving average is $4.63.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, CEO Scott T. Ford bought 100,000 shares of Westrock Coffee stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $4.14 per share, for a total transaction of $414,000.00. Following the completion of the transaction, the chief executive officer directly owned 506,401 shares in the company, valued at $2,096,500.14. This represents a 24.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 27.70% of the company’s stock.

Institutional Trading of Westrock Coffee

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Westrock Coffee by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock worth $154,000 after purchasing an additional 2,003 shares during the last quarter. MetLife Investment Management LLC lifted its position in Westrock Coffee by 14.9% during the fourth quarter. MetLife Investment Management LLC now owns 20,863 shares of the company’s stock valued at $85,000 after purchasing an additional 2,704 shares during the last quarter. Alliancebernstein L.P. lifted its position in Westrock Coffee by 10.1% during the third quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after purchasing an additional 2,900 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Westrock Coffee by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after buying an additional 3,439 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Westrock Coffee by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 49,510 shares of the company’s stock worth $284,000 after buying an additional 3,723 shares in the last quarter. Institutional investors own 45.08% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $7.00 price objective on shares of Westrock Coffee in a research note on Monday. Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.