"Westlake Chemical Corporation (WLK) Set to Announce Earnings on Tuesday" was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.12. Income from operations in the fourth quarter of 2016 was lower than the prior year period mainly as a result of the transaction and integration related costs, the effect of selling higher-cost Axiall inventory recorded at fair value, and the impact from the planned turnarounds and unplanned outages. Westlake Chemical Corporation had a net margin of 9.50% and a return on equity of 13.56%. The business's quarterly revenue was down 7.7% on a year-over-year basis. The difference between the expected and actual EPS was $-0.25/share, which represents an Earnings surprise of -28.1%.
Shares of Westlake Chemical Corporation (NYSE:WLK) opened at 65.79 on Wednesday.
Along with these its year to date performance is standing at 10.13%. The stock has a 50 day moving average price of $22.23 and a 200 day moving average price of $22.20.
The business also recently disclosed a dividend, which will be paid on Tuesday, March 14th. Westlake Chemical Corporation's dividend payout ratio (DPR) is 24.20%. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of United States & global copyright and trademark laws. Albert Chao is one of the biggest insider owners in Westlake Chemical Corporation (NYSE:WLK), according to U.S. Securities and Exchange Commission (SEC) filings.
Turning to First Horizon National Corporation (NYSE:FHN), its shares were trading at $20.19 a gain of $0.07, on the trading floor. Pacer Advisors Inc. raised its position in shares of Westlake Chemical Corporation by 7.5% in the third quarter.
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Rice Energy Inc. (NYSE:RICE) right now sits at consensus rating of 1.90 while 0 analysts have advocated the shares as "BUY", 0 calls it an "OUTPERFORM" and 0 suggest "HOLD".
By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Westlake Chemical Corp. During the same quarter previous year, the firm posted $0.84 EPS. MSI Financial Services Inc now owns 3,493 shares of the company's stock valued at $187,000 after buying an additional 640 shares during the last quarter. Frontier Wealth Management LLC bought a new position in Westlake Chemical Partners during the second quarter worth about $697,000.
WLK has been the subject of a number of recent research reports.
Many analysts are providing their Estimated Earnings analysis for Westlake Chemical Corp. and for the current quarter 11 analysts have projected that the stock could give an Average Earnings estimate of $0.8/share. Vertical Group raised shares of Westlake Chemical Corporation from a "hold" rating to a "buy" rating in a report on Monday, November 21st. RBC Capital Markets reissued a "buy" rating and issued a $68.00 target price on shares of Westlake Chemical Corporation in a research note on Wednesday, January 4th. Vertical Research upgraded shares of Westlake Chemical Corporation from a "hold" rating to a "buy" rating in a report on Monday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock.