WestRock’s (WRK) Q1 Earnings Tops, Revenues Miss Estimates

Westrock Company Price and EPS Surprise | Westrock Company Quote

Zacks Rank: Currently, WestRock has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

Key Development: WestRock has signed a definitive agreement to acquire all of the outstanding shares of KapStone Paper and Packaging Corporation (KS) for $35.00 per share and will assume approximately $1.36 billion in net debt, for a total enterprise value of approximately $4.9 billion. Upon closing, the acquisition is expected to be immediately accretive to WestRock’s adjusted earnings and cash flow.

Market Reaction: WestRock’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on this WestRock earnings report later!

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.