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

Westrock Coffee (NASDAQ:WEST) issued its quarterly earnings results 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. The business had revenue of $228.98 million for the quarter, compared to analysts’ expectations of $223.61 million. Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.23) EPS.

Westrock Coffee Stock Up 2.5 %

Shares of NASDAQ WEST traded up $0.16 during mid-day trading on Tuesday, reaching $6.59. The company had a trading volume of 416,987 shares, compared to its average volume of 262,022. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $10.99. The stock’s 50 day moving average is $6.47 and its 200-day moving average is $6.87. The stock has a market capitalization of $620.70 million, a PE ratio of -7.66 and a beta of 0.59.

Analysts Set New Price Targets

Separately, Telsey Advisory Group lowered their target price on 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.